| To obtain maximum liquidation from most portfolios,
litigation is a necessary step for most debt buyers. Legal action is ideal for
accounts that have verified assets or employment but the account holder is unwilling
to pay. Crown handles these accounts after initial collections efforts have failed.
Crown Asset Management has spent considerable time and effort building a legal
network that encompasses all 50 of the United States. In many states where volume
and recovery methods dictate, legal representation is spread between 2-4 different
law firms. Crown believes in performing a true due diligence on all law firms
before entering into a service agreement. Part of this due diligence includes
an on-site visit to view proper personnel and information security measures. Crown
has verified bar membership, longevity, and professional memberships as well as
reviewing the outcome of counterclaims and suits filed against our attorneys.
Every attorney in Crown’s network has passed due diligence, and no attorney
has worked an account without first being subject to the same scrutiny as the
others.
Crown Asset Management will manage the legal outsourcing for debt buyers and
portfolio managers that do not have legal representation. Crown will place all
accounts for litigation and manage the process and communications between the
client and the law firm to insure all necessary steps are taken to obtain and
collect on judgments. Crown will manage the entire litigation process from complaint
through judgment. We manage the expenditure and disbursement of court costs, all
media and backup requests, account placements and closures, affidavits and other
documents, and payments, all the while keeping you, the client, updated every
step of the way.
While legal costs vary from state to state, Crown will ease the accounting
burden and manage all legal outsourcing at a flat rate for all states, similar
to contingency collections. This rate does not include legal costs such as filing
fees, court fees, service costs, etc. The benefit to the client is a lower negotiated
rate with the attorneys by combining client account volume with Crown accounts.
The negotiated rates are in most cases much lower than our clients can negotiate
on their own.
If you are interested in referring accounts for management and litigation through our legal
network, contact Rodney Fortune at (866) 696-4442 x 213 for further information.
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