What is an Asset Search, and how can it help in the collection of my judgment?
A civil judgment creditor needs to understand what assets his or her debtor owns that may be used to satisfy the judgment. Once asset holdings are understood, then the judgment creditor can pursue at least two avenues to satisfy the judgment: 1) The creditor and debtor can work towards a financial settlement, or 2) In the case of a delinquent or uncooperative debtor, some assets may be seized to satisfy the judgment. In either case, without the creditor having a solid understanding of the debtor’s ability to satisfy the judgment, there is little chance for negotiation, settlement, or seizure. Many judgment creditors are aware of this, but don’t know where to turn for accurate, reliable, comprehensive asset search information. Judgment Collection Specialists can help. All of our Asset Search offerings are conducted on a NATIONWIDE basis, and many packages come with helpful analysis to help you interpret and use the data.
