SCOTTSDALE, Ariz. – Bankrupt Debt Acquisitions, the industry leader in the identification, purchase, and management of bankrupt and deceased debt has chosen BEAM as its purchased receivables management software platform. Bankrupt Debt Acquisitions’ business model and evaluation process allow them to effectively liquidate bankrupt and deceased portfolios by identifying and monetizing otherwise uncollectible accounts.
“As a debt buyer, I had been looking for a software solution that could readily support our unique approach to helping organizations manage their bankrupt and deceased account inventory. The integrated data exchange and data warehousing tools in BEAM work seamlessly with our account management service to the benefit of our clients,” said Jonathan Koop, Bankrupt Debt Acquisitions CEO.
Thomas Mohr, CEO of Beam Software commented, “Bankrupt Debt Acquisitions’ proactive approach to updating the status of an account removes the risk of bankruptcy stay violations resulting from missed notifications or erroneous data. With Beam Software’s focus on compliance tools for its customers, this is a great partnership since BEAM users will be able to avail themselves of Bankrupt Debt Acquisitions service. This will allow our customers to focus on their collectible account inventory and eliminate the operational costs associated with the manual processing of paper notices.”
Bankrupt Debt Acquisitions identifies eligible secured and unsecured debt accounts and offers a premium to purchase those accounts. They also provide a Litigant Alert service to identify litigious consumers. Accounts are scrubbed throughout their collection life cycle to provide protection from consumers who have filed multiple FDCPA, TCPA, & FCRA lawsuits.
About Bankrupt Debt Acquisitions
Established in 2007, Bankrupt Debt Acquisitions is an industry leader in the identification, monitoring, servicing and liquidation of bankrupt and deceased debt. Customer solutions range from full bankruptcy servicing including purchase and liquidation, proof of claim filing and monitoring to litigious debtor scrubs. Bankrupt Debt Acquisitions is a proud member of the DBA International and the Better Business Bureau and has a DBA Certified Receivables Compliance Professional (CRCP) on staff. For more information, visit www.bkacquisitions.com or call (800) 518-9248.
About Beam Software
Beam Software is a subject matter expert on purchased receivables and collections software. Its product development team is a Microsoft Certified Partner and has written software for Wall Street while each of its executives have been heavily involved in the debt industry for over 20 years. The company’s innovative collection software is built from real industry experience with leading edge technologies. For more information, visit www.beamsoftware.com or call (800) 212-2326.