BANKRUPTCY HEALTH CHECK

Now is the time to identify compliance gaps, mitigate oversight actions and increase recovery opportunities.

Similar to the Obama years, many expect an aggressive enforcement attitude from regulators under the Biden administration. Bankruptcies are also projected to spike, creating a dynamic environment where sound servicing processes must be in place to mitigate oversight actions and financial penalties. Our Health Check helps your organization measure the effectiveness of your current bankruptcy program, identifying specific areas of risk while also uncovering opportunities to increase recoveries.

PROPER PREPARATION CAN LIMIT YOUR EXPOSURE

Taking a closer look at your performance levels, before bankruptcy volumes climb, could be a strategic investment. However, systems integration, resource allocation, and undocumented procedures often make internal assessments difficult for financial institutions. This is where AIS Law can add value.

Our detailed Health Check gives your organization a line of sight into servicing blind spots without putting strain on your internal bandwidth (Operations, IT, Legal). We leverage our data-mining tools, technologies and servicing expertise to conduct large-scale reviews of bankruptcy accounts in relatively short time frames.

Legal, Risk and Compliance departments utilize our service to ensure the bankruptcy processes they have in place are optimized and conform to federal code and local rules.

Following a Health Check, if a client determines that corrective action is needed, we help design and execute the remediation strategy and advise on potential legal implications along the way.

PROPER PREPARATION CAN LIMIT YOUR EXPOSURE

Taking a closer look at your performance levels, before bankruptcy volumes climb, could be a strategic investment. However, systems integration, resource allocation, and undocumented procedures often make internal assessments difficult for financial institutions. This is where AIS Law can add value.

Our detailed Health Check gives your organization a line of sight into servicing blind spots without putting strain on your internal bandwidth (Operations, IT, Legal). We leverage our data-mining tools, technologies and servicing expertise to conduct large-scale reviews of bankruptcy accounts in relatively short time frames.

Legal, Risk and Compliance departments utilize our service to ensure the bankruptcy processes they have in place are optimized and conform to federal code and local rules.

Following a Health Check, if a client determines that corrective action is needed, we help design and execute the remediation strategy and advise on potential legal implications along the way.

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

LEVERAGE OUR DEEP EXPERIENCE IN THE BANKRUPTCY ECOSYSTEM

AIS Law’s Bankruptcy Health Check is a specialized and credible compliance tool built around our core competencies.

AIS supplies the bankruptcy data, analytics and software required to complete Health Checks and remediation research. AIS Proprietary database, developed in 2000, houses the latest bankruptcy information, dockets, and documents for every case in the federal court system.  

AIS LAW, LLP works closely with clients during Health Checks to provide insight on potential legal interpretation and implications. Cheryl A. Skigin, Partner, brings 30+ years of specialized experience in bankruptcy and litigation.

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, analytics and software required to complete Health Checks and remediation research. AIS Proprietary database, developed in 2000, houses the latest bankruptcy information, dockets, and documents for every case in the federal court system.  

AIS LAW, LLP works closely with clients during Health Checks to provide insight on potential legal interpretation and implications. Cheryl A. Skigin, Partner, brings 30+ years of specialized experience in bankruptcy and litigation.

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.

HOW HEALTHY ARE YOUR BANKRUPTCY PROCESSES?

AIS Law will review up to 1,000 loans across multiple product lines (Card, Deposits, Auto, Mortgage, Term Loan) and provide a summary of our findings along with recommendations to address any identified opportunities. The analysis covers what we have found to be the most common servicing “pain points” in the industry. Checkpoints include:

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

Reaffirmations

  • Form Execution – Data Entry Validation
  • Appropriate Service for Pro Se debtors
  • Identify if Cancelled or Rescinded
  • 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

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

DID YOU KNOW?

AIS Law specializes in regulatory remediation and brings certain advantages to each and every client engagement.

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 client's trust

ASSESS A WIDE RANGE OF REMEDIATION CAPABILITIES

Utilizing our subject-matter expertise, data and software capabilities, and regulatory relationships, we can effectively design and execute your remediation plan – start to finish – while advising you on potential legal implications along the way. We can support you with:

  • Initial Research and Data Compilation
  • Account/Loan Audits and Case Analysis
  • Amended Filings, Transfers, Refunds and Redaction Efforts
  • Trustee Communication, Litigation Oversight and Regulator Management

To ensure complete transparency throughout the process, we maintain constant communication with our clients. We share a complete reporting package which includes:

  • Project Dashboards
  • Daily Status Updates
  • Overall Status Briefings
  • Account/Claim Level Data

SCHEDULE YOUR HEALTH CHECK TODAY

BEGIN THE DISCUSSION

Dial to Contact Sales Team

877.247.7253

LET US CONTACT YOU

Send Us Your Information

contact@aislaw.com