Bankruptcy Portfolio Management: In-source, Outsource, or Sell in Q4?
Government stimulus delayed the spike in COVID-related consumer bankruptcies, but make no mistake—filings will go up in 2021. The questions creditors and lenders need to answer are, “How can I prepare, and what is the best, most cost-effective way to handle the spike?”
In this practical, how-to webinar, LCI breaks down the economics of managing bankruptcies across three different options: 1) using a dedicated, in-house team, 2) outsourcing some or all bankruptcy tasks, 3) selling your portfolio of bankrupt accounts to a debt buyer.
This session covers:
- The pros, cons, and economics of in-sourcing vs outsourcing bankruptcy management
- When to consider selling your portfolio of bankrupt accounts
- Why Q4 2020 is a critical point in time and how to evaluate the best path for your organization