Friday, February 20, 2015
Expert Asset Investigations Can Bring Debtors’ Hidden Assets to Light
Secrecy has been a part of asset protection planning for a long time. According to an article in Forbes.com: “Some folks don’t want their competitors to know how well or how poorly they are doing, or that they have made key investments or divested assets.” The article further says: “Some folks think that the less potential claimants can find in potential assets, the less of a target they are to lawsuits”. Thorough asset investigations can help reveal any hidden assets and properly identify a debtor’s possessions. It is not uncommon for an individual or company to hide substantial assets in any way possible, especially if it means avoiding the possibility of paying out money. When any asset is transferred with the purpose of defrauding or delaying discovery by anyone identified as a creditor, then it is considered to be a hidden asset. This can be anything from real property to stocks, bonds, and money.