Assistance from a debt collection agency

The law firm primarily helps to determine the assets of debtors. This is done by having bailiffs search for them or by cooperating with information agencies or detectives. This makes it possible to determine the real estate and other properties of the debtor, located in any area of the country. The main advantage of these activities is the guarantee of enforcement of the client’s claims. In addition, the company can also assist in filing an application for the disclosure of assets by the debtor.

Disclosure of assets by the debtor

An asset disclosure is designed to obtain information about the debtor’s property. This allows the creditor to select the asset to be enforced. If the creditor demonstrates that he is unlikely to obtain satisfaction of his claim from the known assets of the debtor, he may then demand that the assets be disclosed before enforcement is commenced. The second most frequent case of such a demand is the failure to obtain full satisfaction of a claim as a result of already conducted enforcement activities.

Ordering asset searches

It is quite often a serious problem for the creditor that the debtor hides his assets or parts thereof which could lead to satisfaction of the claim. This is mainly due to the fact that the payment claimant himself has very limited possibilities to search for the assets of his payer. In order to solve this problem, an institution known as a debtor’s asset search order was introduced.

It is characterized by broadening the powers of the judicial officer by activities that make it possible to find assets from which, at a later stage, it will be possible to carry out effective enforcement. During these activities the judicial officer has a range of powers to which he or she is entitled as a public official, as well as the principal enforcement authority. The order for asset tracing may be submitted in the motion to initiate execution proceedings or at a later stage.

Actions taken on instruction

After the bailiff has carried out official actions, that is, established the assets with the help of available sources of information and registers, the creditor may commission a number of additional activities. If the reports provided by public administration bodies, banks and tax authorities do not produce the desired results, the judicial officer may collect information about the debtor from:

• cooperatives and housing communities,
• other entities that manage the premises,
• insurance companies,
• entities keeping securities accounts,
• business information offices,
• other persons and institutions that do not participate in the proceedings.

The process of conducting field activities in order to find specific assets of the debtor may also be initiated. This occurs when the creditor has not indicated specific movables and their exact location.

Asset tracing process

The activities we carry out are aimed at providing up-to-date knowledge about the debtor’s assets. Almost half of the orders show that the assets of counterparties considered to be “insolvent” are greater than their debts. If you do not know whether the satisfaction of your debt will be possible, decide to search for assets, which includes, among others:

• previously unknown assets,
• transferred property, as well as movable property such as cars,
• transferred assets,
• shares in companies owned by the debtor, the existence of which is unknown to the creditor.

All our activities are performed discreetly. We guarantee that the debtor will not learn as much as you have learned about him. Our bailiffs, in cooperation with qualified detectives, will easily trace the assets of your debtor and make the money come back to your account.

Effective tracing of assets

When it comes to enforcement actions, efficiency is of utmost importance. Our specialists provide the highest quality of service and professionalism. They will analyze your case and present the best plan of action. Immediately after the approval, they will start a meticulous search for the contractor’s assets. If you decide to contact us, you will find out whether your debtor is solvent and how quickly you can recover the amount due.