You need the best information possible prior to launching a legal action against a debtor or attempting to enforce a judgment. The defendant’s financial worth will significantly impact the likelihood of recovery.
The debt recovery process can be time-consuming, costly and emotionally demanding. Even if you don’t make it to court, paperwork and consultations can quickly eat up your resources. That is why, before proceeding with legal action or enforcing a judgment, you need to ask yourself if it is worth it.
To ensure you are making the soundest decision possible, there are three factors you may want to consider.
Establishing a debtor or defendant’s financial worth and whereabouts is key when considering launching a legal action or when trying to enforce a judgment.