Bankruptcy filings continue to translate into major decreases in revenues for many creditors and collections organizations—especially those who do not have an effective bankruptcy management and recovery program in place. Leverage technology to implement an efficient bankruptcy management solution, including a streamlined proof of claims (POC) debt recovery process.
This whitepaper highlights how to develop and commit to an effective bankruptcy management program gives organizations the ability to anticipate bankruptcies before they happen and respond proactively to recover as much debt as possible before the bankruptcy is officially filed. Understanding the demographics and patterns of the bankrupt consumer will help in early detection and preemptive resolution.
