Audit & Remediation
Solutions for mitigating bankruptcy oversight actions, financial penalties, and reputational damage
BANKRUPTCY EXPERTISE WHEN YOU NEED IT MOST
Systems access, resource allocation, and undocumented procedures often make internal bankruptcy processing assessments difficult for financial institutions. This is where AIS Law can add value.
Our Audit and Remediation service gives you instant access to the resources you require. We provide your team with line of sight into servicing blind spots without straining your bandwidth (Operations, IT, Legal). We leverage our data-mining tools, technologies, highly skilled workforce and servicing expertise to conduct large-scale reviews of bankrupt accounts in relatively short time frames.
Legal, Risk and Compliance departments utilize our solutions to better understand risk exposure within existing bankruptcy procedures and develop a go forward plan for complying with federal code and local rules and satisfying consent orders, as needed.
BANKRUPTCY EXPERTISE WHEN YOU NEED IT MOST
Systems access, resource allocation, and undocumented procedures often make internal bankruptcy processing assessments difficult for financial institutions. This is where AIS Law can add value.
Our Audit and Remediation service gives you instant access to the resources you require. We provide your team with line of sight into servicing blind spots without straining your bandwidth (Operations, IT, Legal). We leverage our data-mining tools, technologies, highly skilled workforce and servicing expertise to conduct large-scale reviews of bankrupt accounts in relatively short time frames.
Legal, Risk and Compliance departments utilize our solutions to better understand risk exposure within existing bankruptcy procedures and develop a go forward plan for complying with federal code and local rules and satisfying consent orders, as needed.
I have worked with AIS on various bankruptcy projects, both in the legal and public policy arenas. I know from experience that policy makers have relied on AIS for accurate data on Bankruptcy trends. AIS brings best-in-class analytics and implements superior business processes for bankruptcy operations. Any creditor looking to improve its compliance with the intricate rules for consumer bankruptcy could not do better.
JOHN D.MCMICKLE | FORMER COUNSEL TO THE SENATE JUDICIARY COMMITTEE
I have worked with AIS on various bankruptcy projects, both in the legal and public policy arenas. I know from experience that policy makers have relied on AIS for accurate data on Bankruptcy trends. AIS brings best-in-class analytics and implements superior business processes for bankruptcy operations. Any creditor looking to improve its compliance with the intricate rules for consumer bankruptcy could not do better.
JOHN D.MCMICKLE
| FORMER COUNSEL TO THE SENATE JUDICIARY COMMITTEE
CLIENT BENEFITS
FLAT FEE
Removing cost variability improves clients' budget and approval process
CONFIDENTIALITY
Knowing confidential client communications subject to attorney client privilege are protected reassures clients
CREDIBILITY
Demonstrating success with major banks earns clients’ trust
DEEP UNDERSTANDING OF THE BANKRUPTCY ECOSYSTEM
AIS supplies the bankruptcy data, staffing resources and software required to automate and expedite the audit process. AIS’ proprietary database houses the latest bankruptcy information, dockets, and documents for every case in the federal court system. Staff of bankruptcy audit specialists are 100% college-educated and readily available.
AIS LAW, LLP works closely with clients during the process to provide insight on potential legal interpretation and implications.
John D. McMickle, Co-Founder of North South Government Strategies, consults with AIS Law on regulatory initiatives. John is a former Counsel to the Senate Judiciary Committee and was the primary drafter of the 2005 bankruptcy reform act. He currently assists banks in resolving bankruptcy-related disputes with regulators.
AIS supplies the bankruptcy data, staffing resources and software required to automate and expedite the audit process. AIS’ proprietary database houses the latest bankruptcy information, dockets, and documents for every case in the federal court system. Staff of bankruptcy audit specialists are 100% college-educated and readily available.
AIS LAW, LLP works closely with clients during the process to provide insight on potential legal interpretation and implications.
John D. McMickle, Co-Founder of North South Government Strategies, consults with AIS Law on regulatory initiatives. John is a former Counsel to the Senate Judiciary Committee and was the primary drafter of the 2005 bankruptcy reform act. He currently assists banks in resolving bankruptcy-related disputes with regulators.
SPECIALTY AUDITING YOU CAN TRUST
- Initial Research and Data Compilation
- Account/Loan Audits and Case Analysis
CHECKPOINTS
Proof of Claim Filing
- Form Execution – Data Entry Validation
- Balance Calculations
- Supporting Documentation and Attachments
- Previously Discharged Debt Analysis
- Time-Barred Debt Analysis
- Appropriate Service Completed
- Objections to /Disallowances of Claim
- Motions to Seal / Redaction Correction
- Missed Bar Dates
Payment Change Notices (Mortgage)
- Form Execution – Accurate Data Entry
- Filed in the Appropriate Timeframe
Post-Petition Fee Notices (Mortgage)
- Form Execution – Data Entry Validation
- Filed in the appropriate timeframe
Litigation - Motions for Relief and Objections
- Form Execution – Data Entry Validation + Supporting Documentation and Attachments
- Appropriate Service Completed
- Timing – Filed Date to Order Granted Date
Reaffirmations
- Form Execution – Data Entry Validation
- Appropriate Service for Pro Se debtors
- Identify if Cancelled or Rescinded
- Filed in the appropriate timeframe
REMEDIATION SUPPORT FOR GREATER PEACE OF MIND
- Amended Filings or Transfers
- Refunds
- Redaction Efforts
- Trustee Communication
- Litigation Oversight
- Project Dashboards
- Daily Status Updates
- Overall Status Briefings
- Account/Claim Level Data
