Asset
Searches
Asset searches are a critical part of investment due diligence for
banks and investment firms. Alternatively, if a business deal
sours, law firms use our services to pierce the corporate veil in
order to seize assets of an individual.
We have experience:
•
tracing
assets in a decades-long embezzlement scheme at a bankrupt cable
operator
•
confirming
net worth of potential business partners for investment
firms
•
enforcing
judgments
•
probing
potential defendants for deep-pocket targets
Discovering the true standing of a potential partner makes good
business sense. Alternatively, a judgment against a bankrupt
adversary may not be worth pursuing.
Assets that can be traced include real estate, business entities
(included nested LLC formations and overseas corporations), income
streams, intellectual property, and other hard assets. Per the
Gramm-Leach-Bliley Act, the firm does not use pretexting to obtain
bank account information.
•
Asset Search Case Study: A client law firm obtained a judgment against an
individual who, despite long years of success in business, appeared
to have no assets. Research showed several companies were
nested inside an LLC linked to his wife. Further research
revealed unexpected income streams flowing from several businesses,
including raising livestock in the Southwest and developing mineral
rights worth over $1 million dollars.
See other case
samples here.