What is cash recovery?

Cash recovery is the process of retrieving money owed, misappropriated funds, or lost assets through various legal or negotiation methods.

Who typically conducts cash recovery efforts?

Individuals, businesses, debt collection agencies, legal firms, and government entities commonly engage in cash recovery.

What are common methods used for cash recovery?

Methods include direct negotiation, demand letters, arbitration, litigation, asset seizure, and utilizing specialized collection agencies.

What types of assets can be subject to cash recovery?

This can include unpaid invoices, outstanding loans, funds lost to fraud, overpayments, and assets seized from criminal activity.

Is cash recovery always a legal process?

While often involving legal frameworks, cash recovery can also occur through out-of-court settlements, negotiations, or mediation, provided all parties agree.