How to find the locations of debtor's closed accounts?

[gama1]

What is the name of your state? PA

Judgment debtor testified he had several bank accounts in various banks in other states but they are all closed months ago but denied to provide any specifics, saying he has no records and recollection about them. Any way to find where all those accounts were?

 

[Zigner]

What is the name of your state? PA

Judgment debtor testified he had several bank accounts in various banks in other states but they are all closed months ago but denied to provide any specifics, saying he has no records and recollection about them. Any way to find where all those accounts were?

Not really - why do you want to find them?

 

[gama1]

From those accounts, I suspect he fraudulently transferred the funds to his friends.

 

[LdiJ]

From those accounts, I suspect he fraudulently transferred the funds to his friends.

I don't know how much money you are talking about, but it would probably take a very expensive private detective to have any hope of finding anything.

 

[gama1]

So, there no way of finding all those accounts’ details across the US by using his SSN and his other personal details I have, without hiring a private detective?

 

[zddoodah]

Judgment debtor testified he had several bank accounts in various banks in other states but they are all closed months ago but denied to provide any specifics, saying he has no records and recollection about them.

In what context did this occur?

Any way to find where all those accounts were?

As phrased, this is a factual question, not a legal question, and no one here will have any way of knowing.

So, there no way of finding all those accounts’ details across the US by using his SSN and his other personal details I have, without hiring a private detective?

There's a way to do just about anything. How much money are you willing to pump into the effort?

 

[gama1]

Debtor revealed these details in debtor exam. I can spend up to 5K in this effort.

 

[Taxing Matters]

From those accounts, I suspect he fraudulently transferred the funds to his friends.

And getting bank records from closed accounts isn't likely to reveal that to you. I think you'd find chasing that to be a waste of your time and money.

 

[quincy]

How much is your judgment?

The fact that the debtor had bank accounts in other states and they are now closed is not all that unusual. I opened bank accounts in every state where I went to school or worked, and then I closed them.

Chasing down closed accounts does not seem to be your wisest use of time and money.

 

[gama1]

In the debtor exam, he testified that he transferred some money to his friends but did not reveal the amount as he has “no record or recollection”. It could be anywhere between $1 to hundreds of thousands. He closed all these accounts within few months (not even a year) prior to the judgment. But he is tight lipped on where the accounts were and how much was the amount in those accounts. Judgement is for $176,000.

 

[adjusterjack]

Some people are good at beating their creditors. If he was smart enough to remove the money months before the judgment he was probably smart enough to withdraw it in cash. Finding the account may tell you how much and when but not to whom the money went to.

 

[gama1]

He has zero assets with him now and will be in the future. The closed bank accounts, if used to do fraudulent transfers, are the only option for me to collect the judgment.

Am I legally allowed to subpoena a bank to provide any of his closed bank account details? If I subopena his landlord, whether the landlord is required to provide me the debtor's rent payment records, including the details of the checks if any written by the debtor?

 

[LdiJ]

He has zero assets with him now and will be in the future. The closed bank accounts, if used to do fraudulent transfers, are the only option for me to collect the judgment.

Am I legally allowed to subpoena a bank to provide any of his closed bank account details? If I subopena his landlord, whether the landlord is required to provide me the debtor's rent payment records, including the details of the checks if any written by the debtor?

The landlord is highly unlikely to have recorded any kind of check detail that would be useful to you. Do you understand how many banks there are in the US and how many you would have to contact to attempt to find information?

 

[quincy]

Because the judgment is for a significant amount of money, you probably would be smart to seek professional assistance. I suggest you at the very least consult with an asset search firm or private investigator to learn what they can do for you.

If you have the names of friends or family members or the names of the banks used by the debtor - those who purportedly received money or assets from the debtor - you potentially can use depositions to determine what they know about the assets.

But if you don’t know what you are doing, you could wind up wasting a lot of money chasing dead ends.

 

[adjusterjack]

Am I legally allowed to subpoena a bank to provide any of his closed bank account details? If I subopena his landlord, whether the landlord is required to provide me the debtor's rent payment records, including the details of the checks if any written by the debtor?

Any person or business that is served with a subpoena is obligate by law to respond to it either by:

1 - Obeying it and providing the requested information.
2 - Responding that they have no such information.
3 - Requesting to be relieved of the obligation.

And, of course, can ignore it completely and take their chances.

I agree that you should be hiring a professional to deal with the search. You did say you were willing to spend $5000. Well, spend it.