Comprehensive Bankruptcy Servicing
Comprehensive Bankruptcy Servicing
Our Full Servicing Program includes Review of:
Boarding; Filing Eligibility; Proof of Claims and Transfers of Claims; NOPCs and PPFN’s; Stay Annulment, Lifting and APO’s; Applicable Plan, Confirmation and Objections; 506 Valuations; 363 Sales; Reaffirmations; Litigation Management and Loss Mitigation;
523, 727 & 1328 Evaluation; Payment Monitoring; NOFC’s and Discharge.
We Manage All Types of Stay Litigation- bars, applicability, expirations, annulments, lifting, for cause, in rems.
Comprehensive Bankruptcy Servicing
Bankruptcy Management Process Available for Chapter 7, 12 and 13 Mortgage Loans
- Confirm Loan Status, Bankruptcy Information and Eligibility and Stay Applicability
- Review Debtor’s filings including Statements, Schedules and Reorganization Plans
- Prepare and File Notice of Appearances, Proof of Claims and Transfers of Claims, PPFN’s and APOC’s
- Attend 341 Meetings and 2004 Examinations
- Provide Appearances, 30(b)(6) and other corporate representative testimony
- Identify, Coordinate and Implement Client’s Best Plan of Action to Maximize Returns, Minimize Liability, Restore Cash Flow and/or Recover
Comprehensive Bankruptcy Servicing
Collateral
- Initiate and Implement Effective Loss Mitigation
- Suspend Debt Collection and Initiate Workout and/or Lien Enforcement Efforts with Borrower and /or their Counsel.
- Initiate 521 Enforcement, Reaffirmations and In Rem Recovery in Chapter 7
- Ensure Necessary Objections filed by Preferred Counsel
- Initiate and Manage 362, 363, 523 and 727 filings; Resolve Collateral Doc, Payment History, Escrow and Proof of Claim Issues and
Comprehensive Bankruptcy Servicing
Disputes
- Monitor Borrower Payments, Critical Dates, Post-Confirmation Performance and Notices of Final Cure.
- Evaluate Clawback Potential and Third-Party Liability
- Manage Bankruptcy Litigation, Fees and Costs. File PPFN’s and Ensure Fee and Cost Recovery Actions Timely Taken or Preserved.
Comprehensive Bankruptcy Servicing
Bankruptcy Management Process for Chapter 11 Mortgage Loans
- In addition to the Above We Ensure timely Plan and Disclosure Statement Filings and Objections to them.
- Make business recommendations as to filing Competing Creditor Plans.
- Participate in Creditor Committee Formation and Action.
- Reduce Administrative and Other Claims.
- Evaluate 363 Sales, Cramdowns and 1111b elections.
- Evaluate Claim Treatment, Priorities and Distribution.
Comprehensive Bankruptcy Servicing
Comprehensive or Component Customizable Case Monitoring
We utilize PACER systems to monitor, ensure and verify if particular important events, filings, deadlines and payments have occurred in a bankruptcy case. We identify the Best Solutions and Strategies for New BK Filings and the important events that occur during a BK case’s life cycle.
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Auto, Truck & Equipment
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