top of page

BANKRUPTCY FORM 410A AUTOMATION SOLUTION

Proprietary Bankruptcy Technology and Electronic Workflow Improves Cost Savings, Accuracy, Efficiency, Scalability

National Bankruptcy Services, LLC (“NBS”) proprietary bankruptcy technology automates the time consuming and error-prone process to accurately generate the Form 410A in bankruptcy proceedings for summarizing a debtor’s financial transactions.       

As our industry has evolved, transactional accounting has shifted to the law firms. While a loan servicer only needs to be an expert in their own loan servicing system, law firms have additional challenges needing to analyze multiple loan servicing system histories on a daily basis. NBS’s proprietary technology automates and simplifies this process to produce an accurate Form 410A.  

Cost Savings

  • Automated transaction histories import.

  • Automated Form 410A ready for filing with nationwide bankruptcy courts.

  • Can be provided as an import or Excel files, as well as a completed 410A form.

  • Reduce costs associated with manual data entry, analyzing corrections and adjustments.

  • Integrated proprietary bankruptcy rule-based engine to validate the accuracy of a completed

  • Form 410A ensuring compliance with bankruptcy court requirements


Accuracy

  • Guarantees nationwide compliance.

  • Customized proprietary technology bankruptcy rules engine.

  • Proprietary algorithms to perform compliance checks against legal guidelines and regulations pertaining to bankruptcy forms.

​

Efficiency

  • Available dual bankruptcy transaction history to provide:

    • Elite Ledger Application

    • Acquisition Audits

    • MFR Audits

    • Final Cure Audits

    • On Demand Interim Case Audits

    • Closing Audits

    • Discharge Audits

  • Speed up processing for completing bankruptcy forms, reducing manual effort and errors.

  • Differentiates between pre- and post-petition transactions, and accounting for loan modifications and forbearances.

  • Maintenance and Support - established procedures for ongoing maintenance, legal and compliance updates, to adapt to changing requirements and regulations.

  • Integrated NDC Trustee transaction data.

  • Reduces drain on resources for a time consuming and complex analysis.

​

Scalability

  • Easily scalable solution to handle varying volumes of bankruptcy filings

bottom of page