Asset Search
- If you've won a
judgment, but have run into difficulty collecting the court-ordered sum, consider
conducting an assets search. Our experts recommend conducting an assets search before suing,
to make sure the assets will be available, should you win a judgment. Do an assets search
before taking possession of an automobile or a boat that has a lien against it. You
may be liable for the lien.
Some other reasons to
conduct an asset search:
- As a means of locating a
person.
- To learn about a
person's wages and income: these assets can be "attached" or
"garnished."
- Before filing for
divorce, to learn exactly what property (search property records &
vehicle registrations) and possessions are owned and by which parties.
- If you are a business
person considering investing in a new venture, or are thinking of taking on an investor,
or going into a joint venture, or considering a merger. . . You should certainly conduct
an assets investigation.
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