Bankruptcy & Probate Verification
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Recovery managers must constantly struggle with the following challenges:

• Maintaining knowledge of bankruptcies which offer protection to debtors.
• Ensuring that only those cases which actually protect the account in question are considered.
• Keeping up to date with the relevant cases to ensure that case events which offer recovery potential (found assets, dismissal) are acted upon immediately.

With pinpoint accurate matches,
configurable matching and business rules,
and proactive case monitoring and notifications,
RMSC enables the recovery manager to take decisions
with the most up to date bankruptcy information.

The RMSC Solution
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RMSC recognizes that recovery efforts do not necessarily cease upon notification of a bankruptcy filing. To this end, our system is designed for bankruptcy verification as well as bankruptcy notification.

Bankruptcy verification allows our clients to upload demographic information in batches and receive confirmations either in the form of a simple yes/no confirmation or by receiving full bankruptcy case information.

Bankruptcy notification is designed for a more proactive approach to bankruptcy case management. Through this system, a recovery manager can register accounts to be monitored for bankruptcy. If at any point the holder of the account files for bankruptcy, a bankruptcy message is proactively sent out. Additionally, clients can register for any case event of interest to them (i.e., found assets, dismissal, discharge) and be proactively notified when they happen. This proactive approach can significantly increase recovery for bankrupt accounts.

The entire process is configurable to the client's unique business environment. RMSC works with the client to identify any business rules to be applied before bankruptcy confirmations are returned. This significantly increases the quality of the information which is returned.