Workplace And Business Investigations During California Debt Collections
To collect a large commercial debt successfully, you need the full financial picture of the entity that owes you money. This is the purpose of a business investigation. In the realm of commercial debt collection, this means digging deep to uncover the debtor’s operating structure, concealed income and all asset locations.
At The Law Offices of Ronald P. Slates, we use rigorous workplace and business investigations to gain the insight you need. Our founder, Ronald Slates, has over 50 years of experience. He is a commercial debt collection attorney known in the Southern California area for successfully collecting debts when others cannot. These investigations are not about internal employee issues. Our investigations focus solely on locating the money and assets that belong to you.
What Is The Purpose Of Workplace And Business Investigations During Commercial Debt Collection?
The purpose is simple: to find the debtor’s assets and vulnerabilities. This information is vital for both prejudgment and post-judgment collection efforts. Before even filing a lawsuit, a thorough business investigation helps us determine if a debtor is worth suing. It allows us to pinpoint assets that we could secure early through a prejudgment writ of attachment.
After obtaining a judgment in court, the investigation shifts into high gear. It provides us with the specific details needed to enforce the judgment. We look for the bank account numbers, the names of employers, the location of property and any concealed sources of income. Our California debt collection efforts are aggressive because they are based on actionable intelligence.
What Common Legal Issues May Come Up During The Investigation?
Debtors often try to create roadblocks to frustrate collection efforts, as they have a clear motive to obscure their financial reality. Some common issues that we encounter and overcome include:
- Fraudulent transfers: Hiding money or property by transferring it to individuals or entities.
- Concealed entities: Using layers of shell corporations or LLCs to hide assets or income.
- Out-of-state assets: Moving property out-of-state or establishing accounts outside of California.
- Bankruptcy attempts: Filing bankruptcy to delay or avoid payment altogether.
Fortunately, our commercial debt collection attorney has decades of experience resolving these evasive tactics. We know how to enforce creditors’ rights in bankruptcy, uncover hidden assets and enforce judgments.
What Legal Options Do Business Owners Have During The Process?
You have powerful legal options at your disposal. Our Los Angeles business investigation attorney employs these tools with speed and precision to deliver results. Your legal options, depending on the stage of collection, may include:
- Prejudgment writs of attachment: A court order to seize or place a lien on property.
- Debtor’s examinations: The debtor appears in court and answers questions under oath about their finances.
- Bank levies and wage garnishments: When the sheriff seizes funds from bank accounts or the state garnishes a debtor’s wages.
- Charging orders: A court order that secures a right to any distributions or payments the debtor receives from their business entity.
When you hire our firm, you get a commercial debt collection lawyer who is relentless in using these legal options.
Contact Us For Aggressive Commercial Debt Collection Los Angeles Workplace Investigation Attorney
We are ready to put our asset investigation experience to work for you today. To schedule an initial consultation, please call our toll-free number at 866-904-6965 or use our online contact form.