BP Law Group Helps Clients Collect more than 70 Percent of Unpaid Debts

Commercial Law Firm also Growing through Mergers, Acquisitions and New Hires
 
 
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Commercial Law firm
Commercial Lawyer
Financial Institutions
Strategic Defaulter
Second Trust

Industrys:
Finance
Legal

Location:
US

Subject:
Mergers

Sept. 10, 2012 - PRLog -- Newport Beach, Calif. (Sept. 10, 2012) – BP Law Group LLP is pleased to announce the implementation of a debt collection legal strategy that enables financial institutions to recover up to 72 percent of their unpaid balances on second trust mortgages. The methods employed by the commercial law firm produce significantly better results than the rest of the industry, whose typical collection rate is 6 to 10 percent.  

BP Law Group has helped some clients collect more than 72 percent of unpaid balances from debtors. “Clearly our legal strategy far surpasses that of a traditional collection company,” said Firm Managing Partner Matthew Browndorf, who is resident in the Firm’s New York office and also chairs the Firm’s Mergers and Acquisitions Practice Group.

As a related development, BP Law Group is expanding on a number of levels in California. The Firm has experienced merger and acquisition growth from acquiring Ursus Law Group, LLP, Lazo Law, LLP and Browndorf Legal, LLP. In the past few months, the firm has also hired nearly 20 lawyers and support staff in its Woodland Hills and Newport Beach California offices to serve its growing client base in the Creditor’s Rights Practice Group.  

A full-service commercial law firm, BP Law Group is highly experienced in helping portfolio owners, financial institutions and real estate investors recover debts that were unpaid by defaulted clients. Due to the expertise of Jason Pinson, Esq., Managing Partner of the Firm’s Arlington, Texas office and Chair of the Firm’s Creditor’s Rights Practice Group, the Firm has a sophisticated understanding of the analytics behind strategic defaulters. A strategic defaulter, for example, is someone who is employed, current on his/her first mortgage and has a good credit score, but has strategically failed to repay only their second trust mortgage or Home Equity Line of Credit (HELOC). This creates an unfair situation for the creditors that are being stonewalled, according to Browndorf.  “The Homeowners’ bill of rights passed in many of the states we practice in were made for people who are suffering, not for people to take advantage of the system,” he said.  “When we find someone suffering, we work with them—in some instances, recommending and receiving approval to forgive and quit claim their deeds completely.  We want to help our clients focus on the Strategic Defaulter and people “gaming” the system.

BP Law Group is also equipped to apply large-firm-style tactics relating to client services and law firm management, thanks to the upper-echelon thinking of Browndorf, Marc Lazo, Managing Partner of the Firm’s Newport Beach office and Chair of the Firm’s Commercial Litigation Practice Group and Lourdes Silinsky, Managing Partner of the Firm’s Woodland Hills Office. This allows the Firm to achieve success in cases where other practitioners in the collection industry often fail. The firm distinguishes itself by providing high-quality legal services that are custom-tailored to their clients’ concerns and needs.

In today’s tough economic climate, consumer debt is constantly rising. Consequently, more and more individuals are defaulting on mortgages, credit cards, loans and other financial obligations. BP Law Group has in place proven processes to help their clients recover overdue balances as effectively and quickly as possible. With hubs in California, Texas and New York, the Firm provides debt collection and a wide range of other legal services from offices around the world—including a recent opening in London, UK-lead by Firm Associate Christi Jo-Elkin. The firm’s geographic diversity and extensive investments in technology enable its high-caliber professionals to efficiently cater to clients in the world's leading business and financial markets.

For more information, please contact Matthew Browndorf at (646) 308-1221. Or visit www.bplawgroup.com to learn more about the commercial law firm’s debt collection strategy and other services.
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Source:BP Law Group LLP
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Tags:Commercial Law firm, Commercial Lawyer, Financial Institutions, Strategic Defaulter, Second Trust
Industry:Finance, Legal
Location:United States
Subject:Mergers
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