Asset Searches and the Collection of Debt

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It has become increasingly important for both businesses and individuals to receive payments that are due to them. Debtors are often delinquent in paying for goods, services or other financial obligations. When a debtor does not pay, the creditor is forced to take legal action either through a collection agency or an attorney. But before the client can decide which way to go, they have to know whether the debtor has sufficient assets to attach to secure payment. The easiest and most comprehensive way to achieve this is by conducting an asset search through a reputable asset search company. And remember, debt loses value quickly with the passing of time, so time is of the essence in obtaining your asset search reports.

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DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

© Edward Amaral, Amaral & Associates, P.C. | Attorney Advertising

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