Asset Search, Tracing and Recovery in Brazil
Asset search services in Brazil and investigation of fraud against creditors, laundering or concealment of assets ??is the most effective way to solve high value Executions. Montax’s asset tracing and recovery services goes beyond government and competitor. Searching for debtor’s assets should not be ignored when it comes to recovery of financial assets, otherwise, the lawsuit can will drag on by years. Versão em Português “Asset Search is for your collection what foundation is for a building” Marcelo C. de Montalvão If you are reading this article it´s because you haven´t investigated your client´s character before. So now your customer, supplier or business partner has failed to comply with his part of the business. Your lawyer warned you that you need to conduct assets research, but how to perform notary consultations? Are they the only source of asset information? What about Equifax, Experian etc., do they help? If you are reading this article is because you did not investigate your customer, supplier or partner´s character before closing a deal. Only later on you found out that he had no intentions of doing his part and neither you conducted any research of the debtor’s assets before filing an execution. Your lawyer warned you that it is necessary to locate assets Only by accurately tracing debtor’s current assets liable to seizure and we can help you increase your chances of successful judicial debt recovery in Brazil. Many believe that simply by hiring a lawyer they will they get their money back. Not quite. Lawyers are the best professionals to be hired for asset recovery. But without asset searches, propably nothing will happen. Not in Brazil. Asset Searches is a serious matter and should be carried out by professional specialized in equity research. It is essential to your success, especially when fraud or schemes to avoid debts is suspected. Assets stripping or shielding, business succession, fraud crimes to creditors, fraudulent trading and “money laundering” or concealment of goods, rights and values are some of the counterintelligence actions taken by the debtor not to pay ( screening). These are concealment schemes often practiced with the help of attorneys, accountants or investment analysts and even notary directors to protect financial assets from regular debtors. Locating and identifying debtor´s Assets will increase your chances of recovering credits! What will you read in this article: Why conduct Asset Searches in Brazil? Property search, how much does it cost in Brazil? Brazilian Public Justice versus private investigators in Brazil, which one finds more assets? A special offer: Asset Search in Brazil Manual In less than 10 minutes Montax Intelligence will clarify the competitive advantage of searching for assets in Brazil, pricing services reasons why the State cannot solve your asset recovery case by itself. Why conduct Asset Searches in Brazil? How can Asset Searches benefit me? Imagine you’re going to raise a building. You do not need to be an engineer to know that before you start you need to identify the type of terrain, whether clay or sandy or stony, its geographical position, whether vulnerable to flooding or collapsing and, especially, what the size of foundation to be built. The building must be compatible with both the type of land and the amount of floors and volume of real estate units the engineer intends to build. With the administrative or judicial process of collection and recovery of assets the same thing occurs, except that the foundation of a collection action is the search for assets. A previous investigation will ensure that your collection action and your asset recovery process will not be a building raised on the sand. The importance of asset searches in Brazil and the concrete advantages are detailed and described in Montax Intelligence Case Studies. Read Montax Intelligence Case Studies to learn about the benefits of assets search, how to investigate for assets before, during or after debtor´s recovery actions. Property search, how much does it cost in Brazil? Finding assets of a debtor, how much does it cost? In financial and short notice terms, asset research is not cheap. With asset searches conducted by experienced investigators, your chances of winning are increased, but costs can be very high. Unlike law firms, Intelligence & Investigations services companies charge per hour and regardless of the outcome. A reputable asset search company (Pinkerton, Kroll, Montax etc.) charges about US$ 400 per hour, varying according to the complexity of situation and professionals experience involved in on going case. It is aproximadamente US$ 20,000 each step of investigation of 3 or 4 weeks. But for long-term economic, it is worth to conduct an asset search. It will end up being more expensive not to hire this kind of service. Notaries charge fortunes. And the lender doesn’t know where or in which registry office to begin looking. The professional of Intelligence will tell you where and in which notary to conduct the search of goods, and the name/CNPJ of the straw men eventually used by the debtor. Sometimes it takes just 1h of investigation for the professional of Intelligence to discover the location of financial assets that you or your lawyer have failed in years. Time is money. And “we don’t know what we don’t know” (Unknown author). Many cases are solved thanks to one information or a single detail that has gone unnoticed for years. Highly skilled professionals that are research specialists of assets in Brazil are more likely to succeed than a lawyer or accountant who researches goods from time to time. We clarify well this issue in the Intelligence in Credit Recovery article – How much Does It Cost (Price) and What is the Advantage To Conduct Asset Searches & Investigations in Brazil? Discover the price and advantages of the Intelligence Activity applied to assets recovery.
