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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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WHY
BANKRUPTCY PORTFOLIO MANAGEMENT?
The advantage with bankruptcy collections is that you have a facilitator
– the U.S. Bankruptcy Court and Trustees under the direction of
the U.S. Trustee’s Office. It is the Trustee’s court charged
responsibility to collect assets and monies and return them to the Creditor.
It is extremely important to understand that the Trustee is not responsible
for how much the Creditor gets paid – that’s the Creditor
or Creditor Representative’s responsibility. So, the bottom-line
to a Creditor is, manage your bankruptcy debtors or the debtor’s
attorney will manage you!
It is also important that a Creditor or Creditor Representative understand
the potential dollars available to them ‘after’ completing
a proof of claim in a bankruptcy proceeding. 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
Chapter 13 case yield is the Year 2000 was $10,039 with $8,678 going to
Creditors and $2,182 going to Unsecured Creditors.*
Back...
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.
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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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