Bankruptcy Notifications
Minimize losses and maximize recoveries by quickly and accurately identifying bankrupt accounts.
Never miss a bankruptcy
Identify customers that have filed for bankruptcy as soon as the next day, including critical dates for filing claims and other court documents.
- Avoid false positives.
- Avoid automatic stay violations.
- Reduce financial, legal, and reputational exposure.
Automate bankruptcy notifications
- Identify new filings automatically.
- Reduce losses.
- Maximize operational efficiencies.
- Avoid lawsuits
Portfolio monitoring for better business and recoveries
Missed bankruptcies equate to lost revenue. Meanwhile, mistakenly treating a customer as bankrupt hurts customer relationships and is bad for business. You need to know which customers are in good standing and who has filed for bankruptcy or has a change in status, like people who are active duty military or deceased.
We scrub and monitor your portfolio to ensure you have current and accurate bankruptcy data.
Key benefits
Catch every bankruptcy
Identify every bankrupt account, as well as all other accounts with stay requirements, like active duty military and deceased.
Maximize FTEs
Stop using your team for manual portfolio reviews. Replace that slow, inefficient, and costly process with automated bankruptcy scrubs. You’ll see increased recoveries too.
Cut your losses
Maximize recoveries with quick notification that a debtor has filed for bankruptcy protection, enabling you to file a timely proof of claim.
Avoid lawsuits
Receiving a single automatic stay violation can cost thousands of dollars when an attorney sues on behalf of the debtor for a.”Motion for Damages for Violation of Stay.”
Eliminate paper mail
Integrate electronic BNC notices to eliminate the need for mailroom staff to manage this slow, outdated, and often duplicative process. Reallocate your team to higher-value work.
Avoid reputational damage
Falsely identifying a non-bankrupt account as bankrupt is as bad as missing a bankruptcy.
Features
We partner with you to enhance the efficiency and effectiveness of your bankruptcy management team.
Talk to an expert