Corporations, in contrast to persons, do not have property exemptions pertaining to seizure for debt payment. Details about the corporation’s functions and staff can be found at the Secretary of State’s office in every state. Certain states will provide details about company directors, officers or principals. The majority of the details obtainable will depend upon what was submitted by individuals who created or currently control the corporation. Several states usually do not demand confirmation of the identity of people who apply to set up a corporation. Typically, over 500,000 new corporations are started, on average, every year in the US.
When those that owe you money attempt to hide their assets to keep from paying their obligation, there are many ways to find the property. It often takes a steady hand from a seasoned debt collection and creditor’s rights attorney to “peel back the layers” of the onion that are a debtor’s assets once hidden.
Call us today for assistance in recovering the funds owed to you.