Bankruptcy Receivables
Management (“BRM”) was incorporated in 1997 to satisfy
the growing needs of national and regional consumer
credit operations with significant recovery opportunity
in the complex areas of chapter 7 and chapter 13
bankruptcy. BRM’s focus has been to assist creditors
that are primarily secured by personal property with
their rights to recovery on their bankrupt accounts.
BRM’s approach to servicing bankrupt accounts goes
beyond the basics of simply filing proofs of claim in
Chapter 13 cases or soliciting reaffirmation agreements
in
Chapter 7. Instead, BRM takes a recovery-oriented
approach to assert its creditor clients’ rights when
appropriate, and backs up its position with actual
litigation through its
National Proprietary Legal
Network, or through its
California
Litigation Connection where BRM
does its largest litigation volume.
Some clients take advantage of BRM’s reputation for
asserting creditors rights in bankruptcy by utilizing
BRM’s receivables management expertise to handle their
Small Balance accounts on a volume basis, a cost
effective alternative to maintaining a large internal
bankruptcy staff. Others recognize BRM’s strong presence
in California, and prefer to entrust BRM with their
Regional Placements
of bankrupt accounts.
Today, BRM has further expanded its services in a number
of key areas to meet the needs of its clients, while
maintaining its focus on its specialized niche within
the consumer credit community. Through its
Creditors
Repossession Clearinghouse unit, consumer credit
grantors and bankruptcy trustees can utilize BRM’s
nationwide network of auction houses to liquidate
consumer goods and small business property that is
repossessed voluntarily within or outside of a
bankruptcy proceeding. In addition, its
BRM Recovery
Services unit offers specialized third party servicing,
from collecting on dormant judgments, to collecting on
accounts with recovery opportunity that is impacted or
hindered by bankruptcy related issues.
Lastly, for creditors that do not want the
responsibility of managing their own bankruptcy
portfolio or prefer not to wait for a long period of
time to recover on their bankrupt accounts, BRM will
consider either bulk or forward flow
Portfolio Purchases
in certain asset classes in its core area of expertise.
