Bankruptcies represent some of the most expensive and highest-risk accounts in a portfolio, especially if not managed properly. To minimize exposure of automatic stay violations and maximize recoveries, creditors need to be notified accurately and quickly when an accountholder files bankruptcy or a case disposition has changed.
Avoid false positives and missed bankruptcies with automated daily notifications. Manually monitoring portfolios for bankruptcy filings and updates is expensive, and what’s worse is paying a vendor who misses bankruptcies or provides inaccurate results.
LCI’s proven best-in-class data and tools help you identify all bankrupt, active duty military, and deceased account holders, and allow you to increase recoveries from those accounts while eliminating manual reviews. In addition to eliminating paper mail, LCI consolidates your Bankruptcy Noticing Center (BNC) notifications into a single data feed:
- Accurately identify all bankruptcies
- Reduce or reallocate FTEs from manual processes
- Stay in compliance and avoid fines
- Ensure you don’t miss a court-required action
- Increase revenue and profit by eliminating false positives
Portfolio Monitoring Solution Suite
Minimize losses and maximize recoveries by quickly and accurately identifying bankrupt accounts.
Bankruptcy Docket Event Monitoring
Receive time sensitive matters while reducing FTE workload with curated daily docket event updates.
Active Duty Military Search
Comply with SCRA protections by verifying a consumer’s active duty military service status.
Comply with deceased-related regulations by never missing a death notice.