What are the debtor’s assets?

How can I determine what the debtor owns? First, you must determine what the debtor’s assets are. Basically, this means: if the debtor has no cash, what does he own that could be sold to offset the amount the debtor owes on his debt?

Below is a checklist for conducting an asset search.

Historical financial situation

__ Up and Down __ Constant __ Tragedy

current financial situation

__ Work Status __ IFM Work Status __ Extraordinary Earnings __ Household Status

future financial situation

Tax Refund Job Bonus Commission Check Settlement

Big Sale Family Health Moving Birth Death

What assets does the debtor have?

Motor vehicles

Ships / Vessels Aircraft

Trust Deeds

tax links

sentences

401ks

Lawsuits

UCC Presentations

Associations

Inventory

Own equipment

Royalties

contracts

accounts receivable

to the faucet

bank accounts

Wages

Other income

Inventory

jumps

Clothing

animals

Books

household items

Musical instruments

Crops

accessories

Tools

Promissory notes

patents

Get the financial answers

o Payment schedule

o Who makes the payments?

Why?

get good money

sources of money

Cash

Money order

credit card

Debit

Western Union

Small Amount Payment

Assignment

Direct Deposit (ACH)

Postponement / Extension

Due date change

consult by phone

Get paid NOW

What are your contact hours with the debtor?

o When do they have time in their day to talk to you?

o Eliminate distractions

o Schedule next contact time

What prevents the debtor from making the payment RIGHT NOW?

o Make time in your schedule

o Eliminate excuses

Ask!

Future Payments

See past the end of the month Set up 2 payments at once Leave messages with EXACT contact information.

Please note that different states have different laws. Check with your legal agreement for instructions.

Forever. Happy hunting.