Debtors Bankruptcy

Bankruptcy seems to be the common defense for debtors, but just how common is it?

About half of the debtors that we are pursuing claim to be in a position of bankruptcy.

The reality in our practice is that only about 5 to 10 percent of those folks ever follow through, which means on the whole only about 2.5% to 5% of the debtors that we are chasing actually file bankruptcy.  The numbers are certainly in your favor, not theirs.  

Debtors have learns that bankruptcy is the only real leverage that they have over you.  It's our job to know when to call their bluff.

But more than likely, it won't even come to that.  Why?  That's easy.  Filing for bankruptcy costs the debtor time and money that they may or may not have.  Additionally, there are long term consequences, like bad credit, that can haunt them for a long time.  

Thus, in order to collect from people, regardless of their smoke screen attempts at bankruptcy, we have developed a method to effectively serve you.  The most important item on our agenda is you.  We work for you to obtain a judgment, and collect on that judgment. 

The fundamental component of debt collection is to keep and maintain the debtor's attention.  Constant pressure is our specialty.  And we have it down to a science.  So we stay with it until the result is obtained or we are convinced that there is no point in staying in the game.  We won't waste your money.  As soon as we spot someone who has nothing and has no chance of paying anything, and therefore should not be chased any further, we will tell you.  We want your business on the next case, too.