Bankruptcy Notifications
Accounts generate revenue…until they go bankrupt. Cutting losses and maximizing recoveries begins with quick notification that a debtor has filed for bankruptcy protection. Manual portfolio reviews are slow, inefficient, and costly, while automating bankruptcy scrubs maximizes both FTE resources and recoveries.
Automated Bankruptcy Identification
Missed bankruptcies equate to lost revenue, while mistakenly treating a customer as bankrupt hurts customer relationships and is bad for business. Creditors need to know which customers are in good standing and which ones have filed for bankruptcy, along with critical dates for filing claims and other court documents. LCI scrubs and monitors your portfolio to ensure you have current and accurate bankruptcy data.
- Identify new filings automatically to never miss a bankruptcy
- Avoid automatic stay violations
- Avoid false positives
- Maximize operational efficiencies
- Reduce financial, legal, and reputational exposure
Improve Business and Recoveries
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Portfolio Scrubs
Identify bankrupt and solvent accounts quickly and accurately (available as a one-time or ongoing service).
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Custom Projects
Engage LCI for tailored services, such as reconciling your portfolio, scrubbing a newly acquired portfolio, or conducting due diligence to ensure accurate event and account statuses in your account management systems.
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Electronic Bankruptcy Notifications +
Reduce FTEs needed to monitor and manage physical mail by replacing the Bankruptcy Noticing Center (BNC) physical mail with electronic notifications managed by LCI. Learn more.
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Best-in-class Matching Algorithms
Ensure certainty with accurate matches using our proprietary algorithm, which incorporates the latest in entity resolution technology.
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Flexible Architecture
Integrate EBN data with LCI’s bankruptcy notifications, online portal, and more. Configure matching algorithms, business rules, and layouts.
Related Portfolio Monitoring Solutions
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Bankruptcy Docket Event Monitoring
Receive time sensitive matters while reducing FTE workload with curated daily docket event updates.
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Deceased Notifications
Comply with deceased-related regulations by never missing a death notice.
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Active Duty Military Search
Comply with SCRA protections by verifying a consumer’s active duty military service status.
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Full-service Bankruptcy Management
Maximize resources and recoveries by offloading management of your bankrupt accounts to LCI.
Learn more