Why Do You Need Judgment Searches?
Judgment searches are a resource to locate essential information about an individual. Judgment searches, in addition to location and asset searches, can help identify someone’s financial obligations for debt collection, legal enforcement, or due diligence. These searches can also reveal a lot of information about an individual or business’s financial history, stability, and credibility.
Judgment Searches for Attorneys
If you are an attorney, judgment searches can be used for:
- Litigation strategy and case evaluation by assessing the financial viability of the opposing party. It can reveal whether the defendant has a history of not paying debts or possesses significant assets.
- Showing a pattern of behavior as evidence of a lack of financial responsibility or a history of litigation.
- Discovering assets for enforcement to collect a debt.
Judgment Searches for Investigators
Investigators can use judgment searches for:
- Comprehensive background checks on an individual or business.
- Locating hidden assets, such as bankruptcies, associated liens, and more.
- Fraud investigations where an individual has a history of fraud or financial mismanagement.
Judgment Searches for Creditors
Creditors benefit from judgment searches due to:
- The ability to assess credit risks before extending a loan or providing credit.
- Informing collection strategies for existing debts.
- Enforcing judgments by identifying what assets can legally be used to satisfy the debt.