Asset Location Strategy in Tulsa, OK
If you’ve been granted a court judgment, it does not automatically equal payment from your debtor. In some cases, methods must be used to confirm if a debtor has any assets at all, and if said assets can even be collected on. Asset location is the process of identifying what a debtor owns, where their assets are, and whether they can legally be used to satisfy a judgment. At Aaron Bruner, Attorney at Law, we utilize asset location strategy services to help you recover the money that you’re owed.
Asset location, when performed early, helps debt collectors decide whether or not a case is worth pursuing, which judgment enforcement tools to use, and how to act before assets are moved, hidden or taken by other lenders.
How Aaron Bruner, Attorney at Law Can Help You with Asset Location
Locating the assets is only half the job. Reaching them can require legal processes, and Aaron Bruner, Attorney at Law is experienced and skilled in asset location strategies. He is able to provide significant value for business owners looking to enforce their judgments. Here are some ways that an attorney can be beneficial for asset location:
- Utilizing Legal Tools: Attorneys can draft and issue legal documents, such as subpoenas, to seek out a debtor’s financial information.
- Converting Information into Collection: Once assets are located, an attorney can pursue judgment enforcement tools such as wage garnishment, bank levies, liens, or charging orders to help you collect your money.
- Compliance: Once asset location has been completed, judgment enforcement tools may begin being utilized. A skilled collections attorney is able to draft legally compliant enforcement documents that adhere to Oklahoma’s strict legal guidelines.
- Bankruptcy Issues: If your debtor files for bankruptcy, an attorney can help mitigate that and determine next steps.
- Cost vs. Benefit Judgment: By using an attorney’s guidance, they can help you determine if pursuing a debtor is actually worth it; sometimes, steering a debtor towards a settlement or payment plan (rather than an aggressive enforcement strategy) is the more beneficial approach.
Get Started Today
In commercial collections, information and legal help work hand-in-hand. Locating assets tells a debt collector where to aim their strategy, and a skilled attorney supplies the means to execute it. If you are a business attempting to enforce your judgment and aren’t sure where to begin, contact Aaron Bruner, Attorney at Law for a consultation. Let’s work together to find your debtor’s most usable assets and collect the money you are owed. To schedule your consultation, simply call (918) 215-7979 or fill out our online contact form.