Cash Recovery offers the full range of services necessary to turn your debts into the maximum possible cash:

• Collection of Past Due Amounts – We look to all possible sources for repayments of debt, including the direct debtor, personal or corporate guarantors, or any other party that may have financial responsibility for the transaction. Our approach is customized, based on our evaluation of the credit standing and repayment potential of each of the parties involved.
  
  
• Restructuring of Debt – We assess whether the debtor may be able to make reduced payments, in which case we consider modifying the repayment terms so the periodic payments are smaller and the time for repayment is extended. The reduced payments may be either temporary, gradually stepping back up to the original payment pattern, or may be permanent, depending on the debtor’s projected cash flows.
  
  
• Repossession and Remarketing of Collateral – If necessary, we repossess, with or without the cooperation of the debtor, the collateral supporting the debt obligation. We then sell the collateral as a secondary means of repayment.
  
  
• Initiation and Supervision of Litigation – We attempt to resolve defaulted transactions without resorting to time-consuming and expensive litigation. However, if required, we engage legal counsel in either Federal or state court to collect monetary deficiencies and/or to force the return of collateral.
  
  
• Pursuit of Creditor’s Rights in Bankruptcy – If debtor’s or related guarantors file for bankruptcy protection, we file proofs of claim with the bankruptcy trustee, monitor the bankruptcy proceedings and collect any distributions from the bankruptcy estate. We also press the debtor in bankruptcy to promptly assume or reject leases or other contractual arrangements involving our clients.

With many of our competitors, you only know what's going on with a debt when you get a check. We have a different way of working with our clients: openly, keeping you fully informed as we work.

You see our activity and status on every debt you've assigned to us. In a customizable report, updated monthly or as often as you need it, in either electronic form or hard copy.