Asset tracing can be used to build up a picture of how much a debtor is worth in cases where creditors have been unsuccessful in recovering monies from a debtor, and are considering resorting to further court action.
Even if a court enforces a debt, if the debtor is financially unable to repay the debt, costly litigation can be a waste of time and money.
Many debtors will attempt to hide their assets from creditors and the court, however – and may claim they have no money or assets, while having assets offshore or held in a network of trusts, nominal companies and tax havens.
Tracing assets is a specialist area and Duncan Lewis civil litigation solicitors have extensive experience in asset tracing for clients wishing to enforce a debt.
Duncan Lewis can advise on asset tracing in either domestic or international enforcement cases – and have in house experts able to advise on banking and investment law.
Duncan Lewis has successful departments in most areas of law, which may be relevant to a particular case involving asset tracing, including commercial law, criminal law, family law and property law – and our civil litigation lawyers are able to advise on asset tracing involving:
In some cases, asset tracing may involve a debtor who may also have a concealed identity, as in the case of offshore companies.
Duncan Lewis can take steps to confirm the identity of a debtor – whether an individual or company director – as well as providing a thorough assessment of any financial and physical assets held that could be used to satisfy the outstanding debt.
Our specialist asset tracing services are available to individuals, SMEs and major companies – and Duncan Lewis charges competitively priced fixed fees for asset tracing services whenever possible.
For expert legal advice on debt recovery and Asset Tracing, call Duncan Lewis Civil Litigation Solicitors on 0333 772 0409.