Establishing a debtor/defendant's financial worth and whereabouts is key when considering how to enforce a judgment.
The Debtor Status Report is designed to:
What Assets Can Quality Credit Reporting Identify?
Real Property: Locate real property assets, identifying fraudulent conveyances and spousal property
Mortgage Interests: Locate mortgage interests, including vendor take back mortgages
Personal Property/ Motor Vehicles: Identify personal property, including motor vehicles, equipment, goods, inventory, and accounts
Business Interests/ Affiliations: Locate debtor/ defendant’s business interests. We often find co-debtors and co-defendants that link debtor/defendant to other companies and businesses
Bank Accounts: Identify banking relationships, which can be useful for garnishment during the debt recovery process
Rents: Identify this form of income
Wages: Locate the debtor/ defendant’s place of employment and salary which will assist with garnishment of wages
CMHC Approved Debtor Status Report: We provide many financial institutions or the law firms that represent them with a CMHC approved Debtor Status Report.
Request a sample report.