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As the creditor, do you know the 'rules of
the bankruptcy and estate game?
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FDCPA - Sample Section from the Facilitator Training Manual
Bankruptcy Trends 1980-2004
How would you as the collection manager or tax official like to see...
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Chapter
13
The statistical data presented below supports the conclusion that Chapter
13 Plans are the Creditor’s best hope for collecting dollars from
a Debtor. On the disbursement side of a Chapter
13 case, the statistical data for 1990-2000 indicates that Plans average
paying 53%-58% to secured creditors, between 9%-12% for priority creditors,
and unsecured creditors between 18%-22%. The average per Chapter 13 case
yield in the Year 2000 was $10,039 with $8,678 going to Creditors and
$2,182 going to Unsecured Creditors.
Chapter 11
On the filing side, Chapter 11 cases represent about (+/-) 2% of all bankruptcy
filings. On the disbursement side of a Chapter 11 case, although dollar
amounts may be substantially larger in a particular case, so are legal
expenses greater.
Chapter 7
The statistical data for Chapter 7 Asset cases concludes that very few
make dollar disbursements to Creditor. If the Trustee does make distributions,
they tend to come from cases that involve large commercial debtors. These
debtors comprise approximately 1% of Chapter 7 filings. The vast
majority of Chapter 7 cases yield no assets.
Chapter Dollar Summation
There is little doubt from a Creditor bankruptcy collection perspective,
that Chapter 13 Plans support a continuous revenue stream of monthly bankruptcy
dollars collected. Therefore, it is imperative that Creditors file
Claims timely and that Debtor’s Plans are monitored on a timely
basis as well.
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Lookup a Court and obtain the following:
Court Link, Trustee Link, and ECF Link
Chapter 13
The statistical data presented below supports the conclusion that Chapter
13 Plans are the Creditor’s best hope for collecting dollars from
a Debtor.
Read More...
Bankruptcy Claim-Pro (BCP)™
Bankruptcy
Claim-Pro-Enterprise
The Proof-of-Claim Form Solution
Bankruptcy Claim-Pro is ONE-OF-A-KIND-SOFTWARE
designed for the stand-alone Creditor's PC, Network or Enterprise environment
Click
Here for Feature Overview
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