Recovering Hidden Assets – Part 2 of 8
Q: Does a creditors’ rights attorney have access to information on bank accounts? (This is one of the most often asked questions.)
A: Creditors’ Rights attorneys often can obtain financial account and banking information in one of two ways:
First, the prosecuting attorney might order the defendant to appear in court and submit bank and financial statements for the previous three months to the judge. The name of the bank that financed the business loan is frequently included in UCC filings. The borrower’s collateral is also subject to judgment in debt collection.
The second option is to do a thorough asset search. A skilled database search professional can provide you with quick and accurate results. For additional information, see our Sample Report.