Legal path & bankruptcy management
Legal Path Management
When litigation becomes necessary, Dedicated will manage it. Having built a nationwide network of knowledgeable attorneys
experienced with collection matters, Dedicated will select the
best attorney for a client’s legal matter and then act as an
extension of the client to manage the attorney to ensure that an
appropriate litigation strategy is implemented and followed. Dedicated’s proprietary scoring model enables a client to make
an informed decision regarding where and when to commence a
lawsuit and enforce a judgment. Once a judgment is obtained,
Dedicated stays involved to guide enforcement efforts and
manage the inherent costs so the proverbial pot of gold can be
found at the end of the rainbow in the most efficient manner
possible. As is the case with Third-Party Collections, Dedicated and the attorney are only paid a fee when results are delivered to the client.
Bankruptcy Management
Bankruptcy can be intimidating and complex. Dedicated can file, monitor, and ensure proper treatment of a proof of claim in the bankruptcy estate. Docket monitoring, motion analysis, and plan analysis are also handled by Dedicated on a contingent fee basis. Should a client wish to become active in a bankruptcy case, Dedicated will tap into its nationwide network of attorneys to provide legal representation to the client, and Dedicated will manage the attorney to ensure efficient and effective representation is provided.
Revenue Based Finance: Legal issues
It doesn’t happen that often, but when we do run into Revenue Based Finance legal issues, they often involve receiving an answer to a complaint that asserts either a general denial or a usury claim. Fortunately, our talented legal team has over 20 years of combined experience dealing with creditors’ rights.
We’re careful first
Before we decide how best to proceed, we run claims through multiple legal scrubs, including a litigious debtor scrub, to ensure that the merchant doesn’t make a habit of suing creditors.
And effective foremost
We review the contract and the payment history to determine the context of the breach. We’ll present you with a recommendation based on the facts of the case, considering the probability of recovery through litigation versus the probability of bankruptcy or countersuit.
Higher liquidation, lower risk
We believe that your guarantors usually intend to abide by their agreements when they sign and that when they don’t abide by their agreements it’s usually because they’ve encountered some unexpected life obstacles. We, therefore, take a compassionate yet firm approach that gets you more money, brings guarantors back to the table, and returns guarantors to paying status under their initial agreements. You get higher liquidation at a lower cost, plus you minimize risk to your brand image.
When litigation becomes necessary, we’ll seek prior authorization from you. Once you authorize, we’ll move fast. That’s why we maintain a nationwide network of experienced litigators who are ready to act once you give the word.
What our funders are saying about Dedicated:
“We look forward to more and more days of continued success and synergy. [Dedicated is] a true partner and someone who we are proud to have on our team.”
— Gene S., Revenue Based Finance Funder