Thursday, December 11, 2014
Thorough Asset Investigations Reveal Essential Debtor Information
Creditors need to keep tabs on their defaulting debtors, especially if the debtors continue to enjoy a financially-sound lifestyle despite their supposed lack of wealth. Fraud should not be tolerated, but proof of a debtor’s scheme should be first ascertained before a creditor can make a legal move. For instance, the federal department depicted in the article discovered that the investor operated multiple companies to transact illegal offshore schemes. Exhaustive asset investigations conducted by private investigation companies like Phenix Investigations Inc. can help creditors discover such information, and determine whether or not a borrower is truly incapable of paying back the debt.