Why and When to Conduct an Asset Search


Asset Search services are one of those areas that most people know little about until they need them. For example, personal injury attorneys have conducted asset searches to satisfy their due diligence in finding a defendant's assets who is at fault for a motor vehicle accident. A prudent personal injury attorney is aware that a defendant's insurance coverage may be insuffient to satisfy the damages that their client has sustained as a result of someone else's negligence. And in a case where their is inadequate insurance, the attorney must satisfy their due diligence to determine if there are other assets that the defendant owns and to attach and recover those assets to compensate their clients. Read on to see how asset searches and satisfying your due diligence applies to not only personal injury cases, but collections matters, divorce cases and corporate matters.

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Published In: Civil Procedure Updates, Finance & Banking Updates, Personal Injury Updates, Professional Practice Updates, Family Law Updates

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.

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