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We are excited to announce the public launch of our new feature, proof of claim filing on the Scrub platform. This innovative tool allows you to file bankruptcy proof of claims through a single, easy-to-use form, saving you time and effort.

We are excited to announce the public launch of our new feature, proof of claim filing on the Scrub platform. This innovative tool allows you to file bankruptcy proof of claims through a single, easy-to-use form, saving you time and effort. And because the workflow is seamlessly joined with our monitoring system, early adopters are already considering it an invaluable tool in their bankruptcy department.

Gone are the days of wading through clunky CM/ECF district web forms. Our one, streamlined proof of claims form simplifies the process allowing you to generate and submit your proof of claim quickly and efficiently. 

✅ Automatically import case information to make filing a claim easy.

✅ Save and reuse address information as you would on Amazon

✅ One form to file a claim in any district–regardless of ePOC status.

✅ Track which cases you have filed claims in.

Whether you are managing five bankruptcies or three thousand, this product is sure to be a valuable asset. Its user-friendly design and intuitive interface make it easy for any staff member to use, regardless of their level of experience.

Take advantage of this opportunity to streamline your bankruptcy process. Get your hands on the bankruptcy proof of claims form today and fundamentally improve your bankruptcy operations. Contact us for a free demo.

Modern lenders automate bankruptcy responses

Announcing Scrub claims filing: one form to rule them all

We’ve decided to put ChatGPT to the test with some common bankruptcy questions and grade the results. Question: what are 10 reasons lenders don’t like filing claims in the Bankruptcy Court?

OpenAI released their chat AI, ChatGPT, and within a week, millions of people were using it to do things like write rap music and lose weight. We’ve decided to put ChatGPT to the test with a common bankruptcy question and grade the result:

What are 10 reasons lenders don’t like filing claims in the Bankruptcy Court?

There are several reasons why lenders may dislike filing claims in bankruptcy court:

1. Cost: Filing a claim in bankruptcy court can be costly, as there are fees associated with the process.

Incorrect. There are no fees associated with filing claims through the Bankruptcy Court. However, filing claims is costly in the amount of time spent in the process. Many lenders can easily reduce this cost by considering the different monetizing options available to them when a borrower files. Companies like ours can streamline the process and save staff time.

2. Time-consuming: The bankruptcy process can be lengthy, and lenders may have to wait a long time to receive payment on their claim.

Spot on. Many lenders, especially in the unsecured space, wait months or years to see Chapter 13 claims pay off. Sometimes claims pay nothing at all. Because of this, some lenders prefer to sell their claims for money they can immediately use to continue funding loans and growing their businesses.

3. Uncertainty: There is always a risk that the bankruptcy court will not allow the claim, or that the lender will receive less than the full amount of the claim.

True. Lenders who are careful and organized can avoid denied claims, but there is a lot of uncertainty about the payout. In our experience, there is a wide range of payouts. Some lenders get a full payout, some get a portion of the amount owed, and others get nothing.

4. Reputation: Filing a claim in bankruptcy court may damage the lender's reputation, as it may be seen as a sign of financial distress.

Mostly false. All lenders experience bankruptcies in their portfolios, and filing claims is not a sign of financial distress, but often indicates creditors know the rules under which they are operating and actively take part in the court’s process. However, some lenders choose to outsource bankruptcy processes because they don’t want to risk harming their reputation with any possible reputation-damaging debt collection.

5. Loss of control: Once a claim is filed in bankruptcy court, the lender loses control over the debt and must rely on the court to determine the outcome.

False. The lender loses most of the control over the debt when the bankruptcy case is initially filed. Filing a claim is one of the few things lenders can do to improve their outcome when a case is filed. Lenders who actively participate in bankruptcy cases are turning the court system into their collection agency. There are certain rules to follow (which can be automated), but lenders can accurately predict the outcomes based on those rules.

6. Negative impact on credit: Filing a claim in bankruptcy court may have a negative impact on the lender's credit rating.

Fake news. Filing claims has no negative impact on a lender’s ability to secure credit. 

7. Limited recovery: In some cases, the lender may not be able to recover the full amount of the debt, even if the claim is allowed.

True. Many lenders don’t recover the full amounts from bankruptcies. Lenders who don’t file claims guarantee zero payouts. Lenders who do are eligible to get paid.

8. Limited options: Filing a claim in bankruptcy court may limit the lender's options for recovering the debt, as the borrower may not have the means to pay the full amount.

False. When a borrower files for bankruptcy, the Court is in charge of dispersing debts. Regardless of the status of the claim, lenders don’t have any options to recover the listed debt outside of the Court.

9. Complex process: The bankruptcy process can be complex and may require the lender to engage legal counsel, which can be costly.

Correct. Establishing bankruptcy processes is complex. However, BankruptcyWatch regularly helps lenders build their operations, and we are happy to refer legal counsel.

10. Negative emotional impact: Filing a claim in bankruptcy court can be emotionally taxing for both the lender and the borrower. It may be difficult for the lender to accept that the borrower is unable to pay the debt in full, and the borrower may feel overwhelmed and stressed by the process.

True. We have definitely seen this happen. Bankruptcy can be a tough scenario for all parties involved. The increased paperwork and decreased recovery can take a toll on lenders. Thankfully, there are some amazing resources like BankruptcyWatch services, NDC, and trustees that help make the process easier for lenders.

Overall, ChatGPT got 5 out of 10 of the answers correct. The performance is on-par with many bankruptcy specialists who don’t have the proper tools and training, but we give it a failing grade. Bankruptcy processes are too important and involve too much money to get wrong.

Stay tuned and subscribe to our newsletter! We’ll be writing our answer to the same question in the coming days.

5 mistakes creditors make filing claims

File claims in any district through one form

Data-driven dismissals for servicing

Generate and file claims with bankruptcy response automation

Grading AI: Why don't lenders like filing claims?

Chapter 13 plans are uniform with respect to the ease of reading the plan.  However, the effect of the plan can be dramatically different from district to district.

As of December 1, 2017 chapter 13 plans are required to use a national form chapter 13 plan. Ostensibly, these changes are designed to allow creditors and other parties to be able to efficiently review and understand the proposed plan repayment terms.  The rule effectively requires the use of an official national form plan (Form 113) unless a local uniform plan is adopted by that district.  Following the implementation of this rule, most jurisdictions opted to create their own “uniform” plan.  

All local plans however have some minimum requirements. Bankruptcy Rule 3015.1 mandates that each district may have only one form, typeface requirements, an initial paragraph indicating whether a non-standard provision is added (more to come on that), and whether the rights of secured creditors are affected. Further, all local plans must indicate separately whether it cures defaults, makes payments on domestic-support obligations, pays priority debts (e.g. certain taxes), or surrenders property.

Finally, the rule requires that a final paragraph be included to list non-standard plan provisions.   According to the official Committee Notes to this rule: “This part gives the debtor or debtors the opportunity to propose provisions that are not otherwise in, or that deviate from, the Official Form.”  This is where uniform plans suddenly become non-uniform. 

Debtor’s have used this provision to include and propose non-standard bankruptcy provisions dealing with issues ranging from how a bank is to credit mortgage payments to credit reporting requirements.  However, debtors are not alone in requiring or allowing other non-standard plan provisions.  Several chapter 13 trustees have “uniform” non-standard provisions addresses issues such as the retention of tax refunds during the course of the bankruptcy.  Further, several bankruptcy courts have include mandatory “non-standard” provisions to their local form plan.  Finally, some creditors object to plans unless certain provisions are added (e.g. to protect their liens). 

So, are chapter 13 plans uniform?  They are with respect to the ease of reading the plan.  However, the effect of the plan can be dramatically different from district to district and perhaps by each judge.  This is reflective of the common misconception that there are “garden variety” bankruptcies.  Debtor’s counsel know this is not the case as no client has identical facts.  The lesson is to fully read and understand each plan including the non-standard provisions.  

Is the Uniform Chapter 13 Plan Really Uniform?

Servicing bankruptcies without a scrub is like hiking at night—risky. Servicers who skip bankruptcy scrubs are in the dark when it comes to revenue opportunities, notifications that slip through the cracks, and important bankruptcy workflows. Here are 3 reasons we recommend every lender take advantage of our free scrub offer.

Servicing bankruptcies without a scrub is like hiking at night—risky. Servicers who skip bankruptcy scrubs are in the dark when it comes to revenue opportunities, notifications that slip through the cracks, and important bankruptcy workflows. The result can be disastrous and represent a serious risk for a creditor. Here are 3 reasons we recommend every lender take advantage of our free scrub offer:

1. Make sure your statuses are up-to-date

Instantly view all of the bankruptcies in your portfolio. We scrub each consumer for bankruptcy information so you can quickly identify which bankruptcies are still open and find the outcome of closed cases. Some servicers refer to scrubbing as a sleep enhancer, and while we have absolutely no medical expertise, we share a lender's sigh of relief when they see all of their relevant bankruptcy information compiled and up-to-date in a single table.

Know which bankruptcies you can still respond to and get paid from. Don’t be the lender who writes off piles of money because they don’t bother to look. Scrub your portfolio and identify dismissed cases so you can easily restart collections efforts. Get a list of all chapter 13 cases and chapter 7 cases with assets to start filing claims. Make the court your collection system. Your bank account will thank you.

3. To catch bankruptcies filed before servicing

Unless you have carefully engineered your bankruptcy servicing process, you have a blind spot between origination/acquisition and servicing that can cost you some serious dough. It is surprisingly common for a bankruptcy to be filed right after a loan is originated or acquired. These bankruptcies often don’t list the new creditor because the petition had been prepared days or weeks before the loan. Unfortunately, your (non-BankruptcyWatch) real-time bankruptcy monitoring service doesn’t have your back because these bankruptcies are filed before the consumer is uploaded for monitoring. Don’t be the lender that comes to us AFTER the stay violation lawsuit 😒

Every creditor should scrub their portfolios and we are committed to making this accessible. Fill out the following form and we’ll help you get your first scrub free.

See our website for running scrubs, monitoring portfolios, and more.

Scrub. Now. Here’s Why.

BankruptcyWatch was a key sponsor for the 2022 Nortridge User Meeting and hosted a session discussing the current bankrupty trends. This is something Nortridge and BankruptcyWatch have anticipated together and prepared for by creating a bankruptcy case management service.

Filled with palm trees, sunshine, and lenders from across the country, the 2022 Nortridge User Meeting was a must-be-at event in Orange County last week. Bringing together essential solutions and industry leaders, this three-day conference provided the perfect opportunity to network and hear from top execs about the exciting updates at Nortridge. We had the pleasure of sponsoring the Saturday afternoon break and hosting a presentation discussing today's bankruptcy trends and solutions. If you couldn't attend this year, here is a quick recap from the BankruptcyWatch team.

July-Aug 2022 saw its first month-over-month increase in 2 years.

Inflation, increased interest rates, and tightening credit will likely push filings upwards in Q4.

2023 is expected to see a significant filing count increase.

3 Steps to Revolutionize Your Bankruptcy Department

Many lenders use antiquated techniques to discover new filings that affect them such as:

Process paper/email notifications from the court

Occasionally export file to 3rd party scrub

Nortridge users can easily enable BankruptcyWatch Monitoring and automate all new filing processing.

Initiate post-dismissal collections activities

Although we didn't record the conference session, we have a similar discussion and demo available on our Nortridge spotlight page.

BankruptcyWatch at the 2022 NLS Conference

Here are the top 5 mistakes we see creditors make while filing claims.

Claim filing should be automated. This is possible with select integration partners, using our API, and soon through our website. If you haven't automated your claims filing, aim for less than 15 minutes of processing per claim. Reduce duplicate effort by pre-populating general fields. Organize account information in a single, organized view for servicers to quickly fill out the remaining data.

2. Lenders Choose the Wrong Bankruptcy Strategy

Choosing the wrong bankruptcy collection strategy is a massive failure for many lenders. The first step to selecting the right strategy is knowing what your options are. Here is a list of standard options:

Monitor for dismissals, collect on dismissals, and write off discharged debt.

Hire a bankruptcy debt servicing company for bankrupt accounts.

File claims where relevant, internally service bankrupt accounts.

Several factors go into a lender’s decision on which method(s) to use. Generally, those factors are case volume, loan type, loan balance, and case types. Choosing the right strategy can reduce risk and increase collections for bankrupt accounts. We can walk you through our strategy calculator during a free consultation.

In many districts, more than HALF of Chapter 13 cases get dismissed due to non-compliance or other reasons. Debtors will file knowing they can get their bankruptcy dismissed and rid themselves of a large portion of their debt because many creditors don’t follow up after the bankruptcy filing. Monitoring active bankruptcies allows you to know when critical events such as dismissals occur and immediately take steps to collect debts.

Debtors can also refile after getting their bankruptcy dismissed. Refiling is very common. Savvy creditors will strategically use a tool to monitor for new filings and know when to stop and start collections activities. BankruptcyWatch is one provider that allows lenders to automate collection activities so that lenders can be confident they are consistent, scalable, and legal.

4. Incorrect or Incomplete Bankruptcy Forms

Another issue is the failure to use the bankruptcy forms and disclose information consistent with the Bankruptcy Rules.

A claim is a statement to the court that asserts the creditor is entitled to payment.  Depending on the claim, it consists of using a form and attachments and other documents. A claim and the attachments are intended to prove the existence and correct amount of the claim.

Official Form 410, published by uscourts.gov, is recommended to be used. However, Fed. R. Bankr. P. 3001(a) allows a different form as long as it substantially conforms to the official form.

There are multiple rules concerning the required information and forms to be used.  These are listed in Bankruptcy Rules 3001 and those that follow it. 

Creditors who fail to disclose all information may be subject to sanction. Bankruptcy Rules 3001(c)(2)(D) and 3002.1(i) allow a court to preclude omitted information as evidence and award other relief, including paying the debtor’s attorney’s fees caused by the failure to include the required information. 

The accuracy of the information included on a proof of claim form is essential. It is relied upon by the Court and all interested parties.

This is an official document filed with the federal Bankruptcy Court and verified as accurate under the penalty of perjury. The statute found at 18 U.S.C. § 152 makes it a crime to knowingly and fraudulently make a false oath or account or file a false proof of claim. Furthermore, Bankruptcy Rule 9011(b) requires that representations to the court be certified by a person after a reasonable inquiry. Rule 9011(c) addresses sanctions for violation of that rule.

Inconsistencies and errors within the document also expose a creditor to objections.  For example, the attachments to a proof of claim should support, not contradict, the amount owed on the claim. If a claim indicates that the amount owed includes interest, penalties, or other charges, a statement must be attached to the claim itemizing those charges.  

Further, inconsistencies and errors with other statements by a creditor are problems.  Debtor’s attorneys check statements and bills the debtor received prior to bankruptcy with the claim for consistency. Ensure that any claims filed are 100% accurate.

In re Jimenez, 487 B.R. 543 (Bankr. D. Col. 2013) is an example of a bank filing inconsistent due diligence. The bank listed fees of $14,327.59 without correct itemization. As a result, the Court dismissed the fees and ordered the bank to pay the debtor’s attorneys’ fees incurred in objecting to the claim.

5 Mistakes Creditors Make Filing Claims

Automating and optimizing bankruptcy loan servicing is hard. We’ve seen hundreds of companies approach the problem in different ways. A common factor in the most successful systems we’ve seen is adopting a data-driven strategy for dismissals.

Automating and optimizing a bankruptcy process is hard. We’ve seen hundreds of companies approach the problem in different ways. A common factor in the most successful systems we’ve seen is adopting a data-driven strategy.

Companies that use a data-driven approach to bankruptcies are able to identify areas of opportunity and iterate approaches.

Let’s walk through an example of using data to inform dismissal processing.

We pulled dismissal data focusing on cases dismissed between 2019-02-22 and 2021-03-01. Here is the breakdown of dismissals:

We wanted to understand what happened after a case was dismissed, so we analyzed parties with a refiling within 6 months of their case being dismissed. Here are the results:

Using dismissal data to identify areas of opportunity

On average, 13.6% of cases were dismissed. Factor this into your servicing decisions. Consider taking the following actions:

Monitor for dismissed cases. Subscribe to free case updates by filing a notice of appearance on the case. Automate and organize the dismissal monitoring on our Scrub website, through an integrated SOR, or using our API.

Consider organizing your claims filing system to file far enough out to avoid filing for early dismissals but soon enough to avoid missing deadlines. Track the amount of time it takes to file a claim. Set reminders/due dates to file claims a set time after a case is filed.

If you are selling or writing off your bankruptcy debt, consider creating a restoration process to reactivate and resume collections on the 13.6% of consumers with dismissed cases.

Using dismissal data to assess and iterate approaches

Benchmark your internal data to assess and iterate approaches. Here are some areas we recommend exploring:

Track and prioritize collections in profitable stages of bankruptcy. Some creditors sell bankruptcy portfolios, others use the court as their collection system, and others pause collections to monitor for dismissals. Determine the costs and benefits for each method.

Expect around 19% of dismissed cases to be refiled within 90 days. Many creditors in the unsecured space fail to catch these refilings, so claims for these refiled cases are more likely to be paid in full.

Consider moving the timeline of your claims filing to fit your dismissal rates. Do this by assessing the cost of filing a claim on a dismissed case and comparing it to the risk of missing the timeline.

Explore automating your claims filing. Automatic claims filing can dramatically improve your bankruptcy ROI. You can automatically file claims through an integrated LMS or through our API. We are also creating a tool to allow claims filing through a spreadsheet. Reach out to our product team for more information.

We’ve seen companies benchmark and iterate bankruptcy systems using the methods above to increase their recoveries by over 10x. We’d love to help you through the process. Reach out and our product team will provide a free consultation to build your data-driven bankruptcy system.

Data-Driven Dismissals for Servicing

We have created a monthly bankruptcy newsletter to provide insight into the market through these unprecedented times.

Our reports leverage real-time data about all cases from all 94 districts. Our newsletter combines BankruptcyWatch technology with the expertise of our industry partners.

Be the first to know about bankruptcy news and tips by signing up now.

Please provide your suggestions and/or questions to ryan@bankruptcywatch.com, and feel free to share our reports with others!

Introducing the BankruptcyWatch Report

Bankruptcies have ground to a halt during the pandemic. With just over 281,000 filings this year, we’ve seen fewer bankruptcy filings than any year since the Great Depression.

As the summer wraps up, filings remain suppressed. August bankruptcies were down over 48% from 2019. In total, we saw 36,437 fewer filings this August than in August 2019.

The drop in filings has defied predictions by economists who had expected an avalanche of consumer and business filings.

Historically, bankruptcy filings have fluctuated with the broader economic outlook. A key indicator for filings has been the unemployment rate. Filings typically increase as unemployment recovers. As workers gain employment, they look to bankruptcy for a fresh start. A recent Harvard Business School study demonstrates the historical correlation between unemployment and bankruptcy filings.

Through the pandemic, we’ve seen the divergence of these metrics. Bankruptcies plummeted as unemployment has recovered from record rates.

Several other indicators that would normally suggest an increase in filings:

1.55 million homeowners are seriously delinquent

Student loan debt has risen to $1.7 trillion

Total consumer debt has reached a new record driven primarily by mortgages

Many areas of the country experienced lockdowns that threw the initial blow to bankruptcy filings. With courts and attorney offices closed, the filing process became confusing and difficult. Potential filers hesitated to file with so many unknowns.

When graphed, the year-over-year change in daily bankruptcy filings highlights the impact of the lockdown on bankruptcy filings. Consumer bankruptcies plummeted after the national emergency was declared.

Government stimulus and moratoria sustained the filing suppression. Stimulus checks put money in pockets, moratoria postponed rent and mortgage payments, unemployment funds provided income to those without a job, and debt relief programs provided repayment plans. 

“There’s a serious case to be made that this is hiding a deeper problem and in the future people have to pay a multiple of the debt they weren’t able to maintain before the pandemic”

— Jaromir Nosal, Boston College Economist

As regulations lift and emergency funds dry, we are looking at 3 events that forecast a potential bankruptcy storm:

Eviction moratoriums expire for 6.4 million households behind on rent

Unemployment assistance expires for over 10 million workers

The bipartisan bill, “Fresh Start Through Bankruptcy,” was introduced to make government student loans dischargeable

We expect a bankruptcy storm as these events start to impact the bottom line for individuals and families. In the current political environment, it’s easy to see how further government action or inaction could accelerate or continue suppressing bankruptcies for some time.

The Calm Before the Bankruptcy Storm?

Watch BankruptcyWatch & Simplicity Collect's webinar free today.

BankruptcyWatch & Simplicity Collect had an informative webinar this week! Attendance was great and the presentation really helped explain how your Bankruptcy process can be automated and managed to limit losses and increase revenue.

If you missed this webinar, you can watch the free recording now by using this link: WATCH WEBINAR.

See how BankruptcyWatch can help you improve your bankruptcy management today!

Simplicity Webinar Now Available!

Ryan Gustafson has joined BankruptcyWatch as an associate product manager. BankruptcyWatch is advancing rapidly, and as a result, new and innovative people continue to be needed.

Ryan Gustafson has joined BankruptcyWatch as an associate product manager. BankruptcyWatch is advancing rapidly, and as a result, new and innovative people continue to be needed. Ryan Gustafson has joined the team and brings an impressive array of talent along with him.

As a Berkeley graduate of Electrical Engineering in Computer Science, Ryan has a valuable perspective on the intricacies of a project. Big-picture thinking is a key component of computer science, and it also applies to project management. From planning to roll out, a great engineering perspective is invaluable. With many great bankruptcy management tools already in place, and many more being developed, an associate products manager like Ryan is great to have onboard to help develop and manage new products.

Among his impressive accomplishments, Ryan developed an optimized drop-off and pick-up program for the company Lyft, and developed a student review program for peer feedback.

Ryan also has a passion for sharing his experience with others and enjoyed his time mentoring other students in computer science while at Berkeley.

Ryan also appreciates the value of taking time to go to the lake or go for a mountain bike ride.

BankruptcyWatch looks forward to having Ryan share his talents and carry some great ideas forward as an assistant project manager.

BankruptcyWatch is becoming an integral part of the lending industry by making it possible for lenders, large and small, with their industry-first tools that help lenders more efficiently detect and automatically process all of their responses to any part of a bankruptcy case. This cutting-edge automation also helps lenders easily obtain a more comprehensive picture of the financial status of their client or potential client thereby promoting efficient and effective decision-making through the lending process. While tracking bankruptcy filings is not new, converting those filings from a cost to a profit center for your company is easier than ever before.

To learn more about how BankruptcyWatch can help your organization, email sales@BankruptcyWatch.com, visit BankruptcyWatch.com or call 888-895-1328.

BankruptcyWatch Welcomes a New Team Member

Nortridge and Bankruptcy watch are forging ahead with their new software integration. Two exciting webinars have been held to date with more in-depth support planned as users begin implementing the Bankruptcywatch plug-in.

Nortridge and Bankruptcy watch are forging ahead with their new software integration. This integration revolutionizes the bankruptcy process and can generate new revenue all while staying inside of NLS. This newly released feature transforms your bankruptcies into an automated profit machine.

Two exciting webinars have been held to date with more in-depth support planned as users begin implementing the Bankruptcywatch plug-in.

In these webinars, the President at BankruptcyWatch, Lance Wickham, covered:

The immediate and long-term bankruptcy outlook as the economy enters recovery mode following COVID-19

3 different ways to generate revenue from bankruptcies

A High-level overview of how you can now use NLS to reduce your legal and financial exposure in bankruptcy filings.

Regarding the bankruptcy outlook, Lance Wickam shared this trend chart prepared by using advanced Bankruptcywatch software showing 2019 bankruptcies compared to 2020 bankruptcies as well as likely future projections:

When it comes to reducing your legal and financial exposure in bankruptcy filings, BankruptcyWatch is amazing at giving you the tools you need to detect a filing. With new filings daily, staying current is paramount for your success. Once detected, it is now time to determine the best response. It’s important to know you have choices at this point as many companies just drop the case and write off the loss. You can now consider your options to pursue collection leading to revenue, and Bankruptcywatch can help you automate the case management.

We are always planning for the next steps, stay tuned for more information as developments continue to roll out!

To set up an Account Visit: BankruptcyWatch.com/Nortridge or call (888) 895-1328.

Nortridge and Bankruptcy Webinar Report

We make integrating easy. Request an integration with your platform and we'll help bring bankruptcy automation to your workflow.

Scrub, monitor, research, and respond to bankruptcies through one easy interface.

Connect directly to our API to streamline and automate any bankruptcy workflow.

Empower large teams with enterprise bankruptcy workflows.

Scrub, monitor, and respond to any bankruptcy event that affects you.

Search, parse and organize data from any file in a bankruptcy case.

Create, modify, and file PACER documents.

Check the uptime for the PACER Case Locator and the 94 regional Bankruptcy Courts.

The modern platform for bankruptcy operations.

Comprehensive documentation to automate your bankruptcy workflow.

The latest bankruptcy data and statistics.

Automate bankruptcy through every stage of loan servicing.

Parse case details with our accurate bankruptcy monitoring and research tools.

Scrub loans and research relevant bankruptcy events before acquiring loans.

Automatically extract data and file documents to streamline bankruptcy collections.