Client need

Customer was concerned that a large portfolio of bankrupt debtors had been in bankruptcy long enough to cause monetary losses due to asset non-performance. The information needed to act decisively required hours — if not days — of meticulous research and careful segmentation. A thorough analysis of available data and an evaluation of how to move forward with the portfolio was needed in 24 hours.

Epiq solution

Vertical: Bank and Non-Bank Finance

Stakeholder: Bankruptcy Operations

Solution: Special Data Project

Risk Area: Compliance, Secured Lending

Solution

The AACER team created a process to streamline analysis and evaluation, significantly compressing the timeline required to meet the tight deadline. AACER began by segmenting the portfolio into appropriate groupings based on bankruptcy case standing. Once the status of the case was determined and the portfolio segmented, AACER performed a detailed docket analysis to determine the actions needed to move the loan toward completion.

Epiq results

The portfolio analysis and docket-monitoring results were completed, quality controlled and delivered to the client ahead of schedule. They were then able to take appropriate action on all cases with greater insight into the case and full access to all of its related documents.

1. AACER identified, provisioned, QA'd and grouped results based on bankruptcy case standing
2. AACER returns results