DEFAULT
JUDGMENTS
Within the context
of bankruptcy proceedings, preference claims may arise. In some proceedings,
a portion of the total preference claims may remain unpaid for excessive
lengths of time. In these cases, the court will enter a default judgment
on behalf of the bankruptcy estate against companies that have not satisfied
the outstanding preference claims against them.
Oak Point works
with the court appointed bankruptcy trustee to turn these default judgments
into liquid assets on behalf of the bankruptcy estate by executing a
purchase transaction.
Over the past few
years, Oak Point has completed over 30 transactions, helping Trustees
and Plan Administrators to monetize non-performing judgments. We are
willing to either purchase portfolios outright for cash upfront or work
them on a contingency basis where we keep a percentage of the recovery.
In either case, we handle all claims very professionally via our wholly-owned
and operated agency, C&W Consultants.
