Financial Checks Before Filing a Lawsuit
A pre-litigation financial check is designed to assess the economic viability of legal proceedings before taking action. In many cases, before filing a claim or opening legal proceedings, there is a need to understand whether there are assets or financial activity from which recovery would be possible in the event of a win.
Why Conduct a Financial Check Before Filing
Legal proceedings can be lengthy and involve various legal costs. In some cases, there is a need to assess in advance the solvency of the opposing party and the existence of relevant assets or financial activity.
Sometimes an individual or company presents only a partial picture of their financial status, and sometimes the business structure is complex, including companies, assets, or activity that are not immediately visible.
- Before filing a civil claim - for debt, breach of contract, or financial dispute
- In business disputes - between partners, suppliers, or business parties
- Before collection proceedings - understanding assets and financial activity
- In cases of uncertainty - when the scope of financial activity is unclear
What the Check Includes
Depending on the circumstances of the case, the check may include several types of inquiries. The scope is determined by the purpose of the review and the information available at the outset.
- Locating real estate and property assets
- Checking business activity and related companies
- Examining corporate ties and business connections
- Reviewing relevant financial activity
- Mapping visible economic activity
How the Check is Conducted
Information is gathered through relevant sources and in accordance with the legal framework. The collected data is cross-referenced and analyzed to present as broad a picture as possible of the financial activity.
In some cases the check combines several areas of inquiry depending on the characteristics of the case.
An early financial check can help understand the economic significance of the legal proceedings and assess the options available to the parties. With a broader understanding of the opposing party's financial position, more informed decisions can be made about how to proceed.
Need a Pre-Litigation Financial Check?
When there is a need to understand financial activity, locate assets, or examine the financial condition of an individual or company before taking legal action, discreet consultation is available.
Discreet Consultation→