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How Do I Choose the Best Asset Recovery Specialist?

By M. Kayo
Updated Jan 22, 2024
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The best asset recovery specialists will have years of experience in a particular field of asset recovery. A professional asset recovery specialist will have qualified, experienced personnel or representatives who can calculate an accurate value for and liquidate any type of tangible or intangible assets, end-of-life assets or excess inventory. The goal of of asset recovery is to recover the actual assets or determine the value of those assets and get the largest monetary return possible for any and all assets. Ask for a list of references and check them thoroughly. Satisfied clients indicate a firm's ability to deliver on its promises.

Sometimes, an asset recovery specialist will specialize in a certain area or areas of asset recovery, such as real estate, monetary judgments, loans, investments or different types of equipment. One asset recovery company might work only in a specific niche of a certain industry. Other specialists have a great deal of experience in several areas of business or industry. The one thing that both types of asset recovery companies likely have in common will be strong, cultivated relationships with qualified buyers in specific industries. Do not hire an asset recovery specialist without well-established connections and detailed knowledge of which buyers will be ready to pay a premium price.

When repossessing automobiles or other vehicles, look for a certified asset recovery specialist. Certification organizations provide education programs through licensed training facilities. These programs provide certification of asset recovery professionals as well as their competency and performance. A certified recovery specialist will have completed formal training and will have verifiable credentials.

International asset recovery is typically undertaken by governments or other organizations to repatriate or recover assets stolen or confiscated by sometimes corrupt foreign leaders or governments. Careful consideration should be made when choosing an international asset recovery specialist or lawyer. International asset recovery is one of the most complicated areas of law. These specialists must be familiar with the legal technicalities and laws of foreign jurisdictions.

Select the best asset recovery specialist by looking at a company's past experience in successfully recovering or liquidating a variety of assets. A recovery specialist's excellent track record likely will be determined by the network or professional contacts or resources that have been carefully developed over many years. The best asset recovery company will be able to recover the maximum amount for its clients. Look for an asset recovery company that has produced optimal results for lot of satisfied clients.

WiseGeek is dedicated to providing accurate and trustworthy information. We carefully select reputable sources and employ a rigorous fact-checking process to maintain the highest standards. To learn more about our commitment to accuracy, read our editorial process.
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