Debt Buyer

Debt Buyers purchase large portfolios of debt from creditors. A select few choose to service debt related to bankruptcies. Further, the amount of debt available for purchase due to credit risk has resulted in substantially reduced prices. Because bankruptcies require specific handling, debt buyers need to quickly and accurately identify bankruptcies' within their portfolios in order to avoid the legal risk of mishandling them or to value them for sale.

For all buyers, LCI's Bankruptcy Notification System (BNS) provides an initial scrub of the portfolio and ongoing notification if any further accounts file bankruptcy. The proven most complete, accurate and timely data fuels more accurate and complete notification process.

For debt buyers who service their bankruptcies, LCI offers an extended solution set (Claims Filing, Case Monitoring, and Notice of Assets) to lower ongoing costs and increase recoveries:

LCI's full suite includes: