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 agrees settlement terms with the seller.
Recovery process once debt is purchased
The paperwork
- Deed of assignment
- Deed of agreement
- Demand
- Court proceedings
- Summary judgement
Debt paid, or liquidation or bankruptcy.
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.