Small Balance Placements

For many creditors that have recovery opportunity on a large volume of bankrupt accounts with relatively small balances (in the range of $2,000 and under), the cost of hiring attorneys even on a small percentage of these cases can be prohibitive, and with no assurance of results, potentially recoverable claims are not considered “cost-effective” for these creditors to pursue.

Since Bankruptcy Receivables Management (“BRM”) specializes in pursuing bankrupt accounts in larger volumes than a typical law office, our recovery process is streamlined wherever possible, using state-of-the-art collections and document retrieval systems to manage the recovery effort. This process includes a complete library of correspondences which allow BRM’s experienced staff to appropriately address a myriad of situations that may arise in pursuit its clients’ claims, without the need to consult its client on each and every case. Should a client wish to review BRM’s recovery efforts, account activity is well documented in BRM’s computerized collection system, which is also used to automatically schedule the account for timely follow up by BRM’s paralegal staff until the case is resolved.

With BRM’s typical “no recovery, no fee” servicing arrangement, BRM’s small balance clients are assured that BRM will aggressively pursue all appropriate recovery opportunities with no up front costs, and no fees unless money or property is recovered, allowing them to retain a majority of their recoverable claims on accounts that they would not otherwise pursue after a bankruptcy is filed.