a) Recovering
cash from non-performing assets.
In many cases, non-performing assets have already been “charged
off” and forgotten. Collection activity has ceased, and the
files may be in storage. In such cases, Oak Point Partners can provide
the ability for companies to recover immediate cash from these claims
with almost no incremental expenditure of effort. In many cases, this
is “found money.”
b) Accelerating
the final closure of claims without further investment of time and
effort.
Continuing collection efforts can be resource intensive (especially
in the case of small balance claims, complex claims, or certain types
of preference claims) and take months or years to complete. In some
cases, continuing collection efforts can be uneconomical. Oak Point
Partners offers the opportunity for firms to meet their fiduciary
obligations by generating cash from these claims while simultaneously
ceasing to invest further effort.
