Anchors Away: Tracking Down a Hidden Boat
PROBLEM:
The debtor has chosen to hide his beloved boat to avoid having to relinquish it or sell it to pay off debts. Or he decides to liquidate some cash by purchasing a boat and storing it out of sight from his creditors.
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SOLUTION:
There…
House Hunting: Tracking Down Real Estate in the U.S.
PROBLEM:
Debtors know that a few clever tricks can make it difficult to trace a real estate purchase back to them.
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SOLUTION:
The biggest challenge in tracking down real estate is knowing where to look. In the United States, property…
Put a Cork In It: Hiding Wine
PROBLEM:
The debtor has a taste for the finer things in life, and we suspect that among his most valuable assets is an extensive (and expensive) collection of fine wine. But how much the collection is worth and where it’s located remain unknown.
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SOLUTION:
Every…
Wedding China: Advance Notice Gives You an Edge
The Judge Judy lawsuit over some very expensive china and flatware has apparently settled. Former model Patric Jones had alleged that her ex-husband sold the expensive goods to Judge Judy Sheindlin of television fame for far less than the goods…
Something Old: Finding Antiques
PROBLEM:
In some cases, debtors have time to prepare for an asset search. For example, they might decide to decrease the amount of cash they have on hand by investing in antiques. The antiques remain hidden so as not to arouse suspicion. After…
Take Off: Finding Aircraft
PROBLEM:
Not only do you have to worry about offshore bank accounts, but sometimes debtors go visit their offshore accountants in planes you don’t know they own. Planes are expensive and good things to seize if you can track them down.
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SOLUTIONS:
U.S.…
Carjacked: Tracking Down Hidden Cars
PROBLEM:
Your debtor has “no money,” but you hear he’s been seen driving around in a car worth $48,000. Your trace the car’s ownership and find it’s owned by a Delaware corporation. Or, worse, your debtor is rumored to have a car…
