Services - Loss Recovery Litigation Support
Loss Recovery Litigation Support
Outsourcing Solutions
Remarketing Loss Mitigation
Loss Recovery Litigation Support Services
Charged off assets represent a prime opportunity to contribute to the bottom line of any organization. In many companies, these assets are soon forgotten once they have been removed from the active balance sheet.
The Rubicon Group provides the financial services industry and business community with an innovative, cost-effective protocol & strategy to recover their losses by efficiently utilizing the litigation process. This proven process has been utilized at a 95% success rate for more than 3000 cases. With the formation of The Rubicon Group, this protocol is now available to any financial institution or business entity.
- The Rubicon Group becomes an outsourced recovery department for all matters related to leveraging your financial institution or corporate business losses
- Seamless turn-key process
- Minimum intervention by your organization
- Low cost service fee
- Zero contingency fees for matters $10,000.00 or less (with 100% recovery to your organization)
- Below standard contingency fee schedule for matters greater than $10,000.00
- A proven method of recovering charged off assets
The Rubicon Group represents your interests as your fully authorized custodian of records. We represent you in court with regard to testimony and the filing process, tracking, and the coordination of court dates and appearances.
How is this legal?
On September 1, 2007, Texas Senate Bill 618 was enacted that accomplished two primary objectives. First, it increased the amount of a lawsuit brought forth in Justice Court from $5,000.00 to $10,000.00, exclusive of interest. Secondly, it provided an additional provision that specifically states that a corporation need not be represented by an attorney in Justice Court lawsuits.
Since the enactment of Texas Senate Bill 618, The Rubicon Group team has assisted organizations with more than 3,000 cases to recover charged off assets involving collateralized and non-collateralized contracts. Our staff attorneys will provide any legal representation on your behalf if and when the need arises, and will file cases in county civil court, where an attorney is required.
What's the process?
- We start with a consultation to properly assess your organization's current loss recovery strategy, and determine how The Rubicon Group can meet your needs.
- Once this assessment is completed, we formulate a strategy on how best to recover your losses through the civil court process.
- Your organization will then send the legally required 10 day notice of intent to file a lawsuit.
- Once the 10 days have elapsed and there is no response from your debtor, you forward a copy of the letter, along with copies of all documents obligating the debtor to the contract to The Rubicon Group.
- The Rubicon Group will then process your documentation, file your lawsuit, coordinate court dates, and answer all inquiries relative to the civil court litigation process.
- The Rubicon Group provides 100% process transparency by providing tracking reports that will inform you of the current status of each case.
- If the judgment has been rendered in your favor, The Rubicon Group will file an abstract of the judgment in the appropriate county's real estate records and provide follow-up tracking for the possibility of re-filing the judgment if it goes unsatisfied for a period of 10 years. If the judgment is not rendered in your favor, we will return copies of the judge's decision along with any other applicable documentation for your review.
Contact us for more information.
