Asset resolution is a debt collection procedure that involves a creditor attempting to recover the money owed to them by selling the debtor’s assets. This approach is commonly used when a debtor is unable to repay their debt through regular means. The process typically entails identifying and valuing the debtor’s assets, such as real estate, vehicles, or personal property, and then pursuing legal measures to sell those assets to recover the outstanding debt.
Asset resolution is often a complicated process that necessitates expertise in legal and financial matters, and court intervention may be required if the debtor disputes the sale of their assets. It is generally regarded as a last resort when other debt collection strategies, such as negotiation and payment plans, have failed to produce the desired outcome. A thorough financial analysis will be conducted to determine whether the debtor has the means to repay the debt, and all assets will be scrutinized to ensure that no stone is left unturned.
As an extension of your operations, Taurus Collection and Lion Law will work diligently during the collection and legal process to recover the debt.