Describe current, identifiable events: completed transactions, announced operations and information that has not yet been verified. Concern about losing access to assets available to satisfy a claim does not replace an examination of the facts.
Three questions to start with
- What right or debt are you seeking to protect?
- Which changes in the assets are documented?
- What deadline or event makes the assessment urgent?
Prepare for an initial discussion
Prepare a chronology with the known documents, assets and security. Make gaps visible rather than filling them with assumptions.
Next steps
The guide to a debtor’s sale of real estate examines checks relating to a specific transaction. Where the issue also involves establishing the assets of an estate, the assets, inheritance and trusts practice area identifies the relevant documents and relationships.
Before sending documents or confidential information, wait for the conflict-of-interest checks and the firm’s instructions. Initial contact does not create an engagement.