Services - Finance & Accounting Services
Legal Network
The Legal Network Services designs and implements cost-effective legal collection solutions for creditors across the country, managing nationwide legal resources complemented by modern facilities, leading-edge technology, and the expertise needed to get results.
We meet the needs of creditors large and small, whether their requirements call for the implementation of a pre-litigation collection campaign for selected accounts or for a nationwide bankruptcy recovery program. We improve our client's bottom line through customization, working closely with them to identify and implement solutions that will yield quality results.
Pre-Litigation Collections
The pre-litigation collection services reduce court costs, increase liquidation rates, and identify cases where litigation is impractical. While immediate referral to one of our corresponding lawyers is sometimes the best course of action, our pre-litigation collections provide these critical benefits while pre-qualifying cases for additional action.
Legal Network Collections (Litigation)
Our Legal Network Services applies the skills, resources, and expertise of more than 25 qualified, reputable collection law firms to our clients' portfolios. These firms operate in every jurisdiction throughout North America including United States and Canada.
Capabilities include:
- Full online access for new claims forwarding, status inquiries, and off-site audits
- New files accepted daily in any format
Bankruptcy Recovery Programs
Our Legal Network Services offers bankruptcy recovery programs designed to pursue our clients' interests in cases where a customer has filed for bankruptcy. Flat-fee programs and contingency-fee programs are available.
Proof of Claim Filing Programs
We manage and undertake the filing and monitoring of all proofs of claims our clients require.
Reaffirmation Invitation Programs
For a combined flat fee and contingent fee, we service all cases pre-qualified for reaffirmation invitations. Likely candidates for this type of service include cases in which customers have filed for protection underr the bankruptcy act, where the hope for recovery comes from having the customer reaffirm the debt. This effort produces additional recoveries, offering customers the chance to regain their credit standing in return for payments made.
Non-Dischargeable Debt Programs
Some debts are non-dischargeable, which means that the customers remain obligated to repay them after bankruptcy. Examples of non-dischargeable debts are certain state, provincial and federal taxes, student loans, and debts induced or extended by fraud. We pursue our clients' interests where evidence points to customer fraud shortly before the bankruptcy was filed. Flat-fee programs and contingency-fee programs are offered.
Nationwide Motions Filing
On a flat-fee basis, we undertake the nationwide management and filing of all types of bankruptcy motions. These include motions for relief from stay, 1301 co-debtor motions for relief from stay, Chapter 13 objections, motions to compel, and motions to dismiss. Our knowledgeable professionals understand the laws and regulations, so that our clients do not have to.
Nationwide Replevin Filing
Also on a flat-fee basis, we undertake the filing and management of collateral recovery litigation on our clients' behalf. These suits can be filed after a motion for relief from stay has been awarded or after the bankruptcy has been discharged. Collateral recovery litigation also can be filed against non-bankrupt accounts if collateral recovery is the client's primary need.
Probate Accounts
The Legal Network Services offers a variety of fully outsourced probate and deceased account collection services. These programs maintain the balance between the need to resolve accounts and to show respect for the families of the deceased. At MCS Global Group we also offer programs designed to supplement internal client efforts, priced according to account characteristics and other variables, such as claim size and volume. All fees are assessed on a contingency basis.
Suit Scoring
Our Legal Network Services offers a decision model that can help determine which accounts are ready for legal action, based on jurisdiction, balance, and other factors. An invaluable tool for portfolio brokers, suit scoring makes it easy to decide whether to purchase a portfolio, how to establish a fair market value, or when to resell a portfolio.
Arbitration Services
As an alternative to litigation, our Legal Network Services offers arbitration services to resolve disputes. Attorneys, paralegals, and collectors work with National Arbitration Forums, a leading neutral administrator of arbitration, for our clients throughout North America. An electronic interface between our company and the National Arbitration Forum facilitates account placement and processing.
