Areas of Experience
Consumer Chapter 7 and 13 Debt
Consumer bankruptcies present unique challenges to creditors. Quicker deadlines coupled with bankruptcy and consumer protection compliance requirements pose unique challenges to creditors looking to maximize recovery in consumer bankruptcies. Atlas has developed the technology and expertise to ensure compliance and maximize recovery.
commercial chapter 7 and 11 debt
Atlas primarily purchases commercial debt that is secured by a mortgage or lien on property, extended as a merchant cash advance, or advanced as a business credit card. Atlas has the experience and attorney network relationships to evaluate the assets and businesses involved thus allowing lenders and creditors to exit difficult and protracted bankruptcy situations.
secured debt
Atlas purchases and services all varieties of secured debt including mortgages, auto notes, tax liens, judgment liens and PMSI debt. Atlas has extensive experience working with its network of local attorneys to protect its interests as part of the bankruptcy process. Secured debt in bankruptcy requires a detailed understanding of the value of the underlying assets and the options available in the bankruptcy process.
unsecured debt
Atlas purchases many unsecured debt types including credit card, lease to own, short term loans, installment loans, student debt, healthcare and utility debt. Atlas understands the risks associated with the low priority of unsecured debt in bankruptcy, and has developed expertise to ensure that recovery, when available, is maximized.
direct from issuer
Atlas is proud to be the trusted partner for credit issuers looking to sell their bankruptcy portfolios. These issuers find in Atlas a firm specializing in bankruptcy compliance and recovery, who is easy to work with, and responsive to their needs and goals.
SECONDARY MARKET
Atlas purchases bankruptcy debt on the secondary market from other debt buyers who understand that, to do bankruptcy right, it must be a focus and not an afterthought. Bankruptcy debt requires a heavy compliance investment and only rewards the most patient investors due to its very long recovery curve. Frequently, the price a debt buyer will obtain for bankruptcy debt from Atlas is actually higher than what they paid for it, turning bankruptcy sales into a profit center.
BULK PURCHASES
Atlas has worked with many clients to evaluate their in-house bankruptcy portfolios. Frequently, these clients are unaware of the worth of these portfolios. Atlas is able to access data directly from the courts and trustees to determine the true value of these portfolios and enter into a one-time bulk purchase. This allows clients to monetize an asset that they might not have even known they had and clear out inventory which was not generating any cash flow.
FORWARD FLOW PURCHASES
Atlas prizes its long term client relationships. To facilitate an easy monthly sale process, Atlas enters into forward flow contracts with many of its clients. These contracts give clarity to each side by fixing the pricing percentage when the contract is signed and not negotiated anew each month. These forward flow agreements typically last for one to two years.