From validation to recovery

Our Process

Validation before purchase

Before purchasing any debt, Bishop Warden undertakes:

  • A comprehensive legal assessment to determine the status of the debt.
  • Identification of the nature and scope of any associated contracts.
  • A process of due diligence on all associated parties.
  • Identification of a legal strategy for collection.

Following a satisfactory conclusion to the above, Bishop Warden presents a contract for signature and arranges an immediate electronic transfer of an agreed amount to the seller's account.

Recovery process once debt is purchased

Recovery process flowchart: deed of assignment, then deed of agreement, then statutory demand, then statement of claim if disputed, then summary judgment, then liquidation.
  1. Deed of assignment
  2. Deed of agreement
  3. Statutory demand
  4. Statement of claim (if disputed)
  5. Summary judgment
  6. Liquidation

Personal debt

For personal debt, if full payment is not made or an acceptable settlement is not reached, Bishop Warden will seek to bankrupt the individual.

Talk to us about your situation

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