Bankruptcy

Chapter 7, aka Straight Bankruptcy

Judgments obtained against the debtor are no longer enforceable
If the bankruptcy petition is dismissed, the collection activity can be initiated again
If the bankruptcy is discharged debtor is relieved of all liability to pay
ICBR will correspond with the debtor’s bankruptcy attorney or trustee to ensure all documents are processed properly
Contact a ICBR Client Services Executive team member to help with your bankruptcy situation and successfully recover potentially lost dollars!

 

Chapter 11

Judgments obtained against the debtor may not be enforced
If the bankruptcy petition is dismissed, the collection activity can be initiated again
If the bankruptcy is approved it allows the business to reorganize and continue to operate and pay the creditors through a court ordered repayment plan. Secured creditors have a higher priority than unsecured creditors
ICBR will correspond with the bankruptcy trustee to recover potentially lost dollars
Contact an ICBR Client Services Executive team member to help with your bankruptcy situation

 

Chapter 13

Judgments obtained against the debtor are no longer enforceable.
If the bankruptcy petition is dismissed, collection activity can be initiated again
If the bankruptcy is approved it allows the business to reorganize and continue to operate and pay the creditors through a court ordered repayment plan.  Secured creditors have a higher priority than unsecured creditors.
ICBR will correspond with the bankruptcy trustee to recover potentially lost dollars
Contact an ICBR Client Services Executive team member to help with your bankruptcy situation

 

Contact Us to discuss the next step in recovering the funds that are owed to you!

International@icbrcollect.com
Domestic@icbrcollect.com