Asset Investigation And Seizure During California Commercial Debt Collection

You performed your part of the deal. Now, someone owes you a large commercial debt. At The Law Offices of Ronald P. Slates, we do not tolerate debtors hiding assets or stonewalling payment.

For more than 50 years, our founder, Ronald Slates, has built a reputation throughout the Los Angeles metro area and Southern California as an aggressive commercial debt collection lawyer. Under his leadership, our firm has earned a reputation for success where others fail. We only practice commercial debt collection, giving us a rare depth of knowledge in this complex field. When you need effective investigation or seizure of assets, we provide that action.

What Does The Process Of Asset Investigation And Seizure Entail?

Collecting a debt is often a two-step process: first, we secure the right to be paid; second, we get the actual money. Asset investigation and seizure are steps in the second phase. Before we can collect, we must determine what assets the debtor owns and where those assets are located.

Our meticulous asset investigation helps us uncover bank accounts, real property and other valuable holdings that can satisfy your commercial debt. We pursue collection aggressively, including both prejudgment and post-judgment.

Here are the general steps we follow to enforce creditors’ rights:

1. Identify the debtor’s assets: Locate all sources of value, including bank accounts, equipment inventory and accounts receivable.
2. Obtain a legal basis to seize: Either obtain a court judgment against the debtor or secure a prejudgment writ of attachment.
3. Execute the seizure: Post-judgment remedies such as bank levies, wage garnishments, or the seizure and sale of tangible property.
4. Transfer funds to you: Upon seizure and liquidation of assets, we transfer the recovered funds to you, completing the collection process.

We focus our California asset seizure efforts on achieving payment for you as rapidly and efficiently as the law allows. Our investigation, seizure and commercial debt collection practice also extend across the United States.

What Issues Often Come Up During The Process?

Commercial debtors are often sophisticated and know how to use maneuvers to delay or obstruct collection. They may attempt:

• Fraudulent transfers of assets
• Moving property into the names of associates or other entities
• Using complex corporate structures
• Moving assets across state lines
• Filing bankruptcy to discharge commercial debts

These are not insurmountable obstacles. Our Los Angeles asset investigation and seizure lawyers know the signs of these evasive tactics and possess the deep experience required to challenge them effectively.

What Legal Options Do You Have During This?

Your potential courses of action depend on whether you have already won a judgment. Prior to judgment, we can pursue prejudgment remedies such as a writ of attachment to lock down the debtor’s assets immediately. This provides vital protection against the debtor transferring their property before the case concludes.

After you have won in court, we move directly into judgment enforcement. This includes California debt collection tools such as:

• Demanding the debtor appear for an examination concerning their assets
• Conducting bank levies
• Arranging for the Sheriff to seize tangible property

Our goal is to connect your legal victory to your financial recovery. We turn paper judgments into actual dollars for your business.

Contact Us In Los Angeles For Aggressive Commercial Debt Collection

We are ready to take immediate, forceful action to collect large, outstanding commercial debts. We urge you to contact our law office toll-free at 866-904-6965 or send us an email to schedule a consultation.