A solicitor representing a supplier for chicken shops in England and Wales had difficulty tracing a debtor who had sold his shop, leaving behind a large unpaid balance and no forwarding address. Locating the debtor was crucial to determine the next steps for recovery of the debt.
On instruction, our team conducted a comprehensive residential trace and asset investigation. We not only confirmed the debtor's current residence but also identified two properties he owned. Furthermore, we discovered he was a director of three businesses, including a restaurant and a service station.
The detailed report we provided enabled the solicitor to approach the debtor with informed leverage. The insights gleaned from our investigation led to the debtor settling the outstanding claim in full, illustrating the effectiveness of diligent asset investigations.
