Collections

How can I collect if all of the debtor’s assets are in a trust?

Debtors have tried everything under the sun to try to hide and protect their assets from the people that they owe money to. Most of these methods fail – such as when they try to give away assets to avoid collection. Other times, the situation becomes a bit more complex, such as when the debtor’s assets are all in the name of a trust rather than in their...

Can you collect if a business has no cash on hand? 

Your company loans money to a small business, which then fails to pay it back. When you ask for payment on that debt, they claim they have no cash and couldn’t even pay if they wanted to. Are you still able to collect?  First of all, if you’re considering legal action and a lawsuit, remember that winning the suit doesn’t hinge on whether or not the company...

You can find hidden assets and correct fraudulent transfers

As a business owner, it can be extremely frustrating when you cannot get paid for the work that you’ve done or the services you’ve provided. Seeing someone take from you without being willing to pay what’s owed is hurtful and harms your business. Sometimes, it’s possible to seek out compensation through a judgment. The other party may show up to court to...

4 ways people may attempt to hide assets when facing collections

If someone owes you money and you’re trying to collect, it’s already a frustrating situation. If they would have just paid like they agreed to do, this whole situation could have been avoided. But they haven’t paid, and now you have to try to actively seek that money.  Worse yet, you believe that they could pay. It’s not an issue of not having the assets...

How to collect a debt from assets hidden overseas

One tactic debtors may use to try and keep their assets out of the reach of their creditors is to move them overseas. Their thinking is that once the money crosses an international border, you cannot touch it as a creditor. You may wonder if there's some validity to that logic. Tracking down assets hidden overseas can be challenging. Yet, with enough time...