A more thorough explanation:

A skiptracing agency is a company that specializes in finding people or assets that are difficult to locate. This service is often used by businesses, law enforcement agencies, and private investigators.

Examples of people or assets that a skiptracing agency may be hired to locate include:

• Delinquent debtors
• Missing heirs
• Witnesses
• Stockholders
• Bondholders
• Bank accounts

For example, if a person owes money to a company and has disappeared, the company may hire a skiptracing agency to find them and collect the debt. Or, if a person has inherited money but cannot be located, a skiptracing agency may be hired to find them and distribute the inheritance.

Overall, skiptracing agencies play an important role in helping businesses and individuals locate hard-to-find people and assets.