One way debtors may try to hide assets is to gift them to trusted friends or relatives so they are exempt from creditors. Sometimes gifting these assets can cause problems if the person selected does not want to return the gift later on, and the gifter never receives the asset back. This is a dishonest approach to hiding assets, but the person may still end up without it.
At Taroff Taitz, LLP, we focus much of our practice on collecting debt for the businesses that we represent. While there are many ways people will try to avoid paying the debt they owe, a seasoned creditors’ right attorney is “wise” to their actions and knows where to look in order to get you paid what you are owed.