Why do I need an Asset Search?
There are numerous reasons why anyone would want to conduct a asset search investigation. Here are a few:
Divorce – There are huge motivations to hide assets in divorce proceedings. Being able to identify hidden or undisclosed assets can provide a huge boon to your side financially while also showing dishonesty.
Before Litigation – Is it worth someones time and effort to take someone to court? Even if you have insurmountable evidence and the verdict goes your way there is no guarantee anyone will pay you. Before entering in this venture It’s useful to know if they are able to cover your claim.
Embezzlement and Employee Fraud – Someone who makes a modest amount suddenly buys a house in the Caribbean? Decides to buy high end cars, or pay off loans in record time? It means they are living way beyond their means. Chances are, they are cooking the books.
Business Partners Due Diligence – Before entering into a new partnership or joint venture it’s important to know if a potential partner is being honest and is able to meet their current and future obligations.