Workout counsel & advisors
When the consumer book is the hard part.
You are answerable for the receivables. We do the work that gets them valued, serviced, and moved.
Every other asset has a playbook. The loan tape does not.
Real estate has appraisers. Equipment has auctioneers. A book of consumer receivables — part performing, part charged off, part sitting in Chapter 13 — has none of that, and it usually arrives without the servicing team that understood it.
Tribute works one asset: consumer receivables — performing, distressed, charged off, and in bankruptcy, including the accounts conventional buyers and servicers carve out of a bid. You can hand over the whole mixed book instead of splitting it between three firms. We come in on the receivables and nothing else, which is why counsel and fiduciaries can bring us into a matter without giving anything else up.
Price it. Keep it alive. Dispose of it.
Take one of these, or all three. They are separate engagements, and they can run in that order or at the same time.
First
Put a supportable number on the book
An account-level expected-recovery analysis of the bankruptcy receivables, with the methodology and the assumptions documented, so the value in your report has support behind it.
Bankruptcy Receivables ValuationMeanwhile
Keep the receivables serviced while the process runs
Proofs of claim still have deadlines, and plan payments still arrive, while the estate changes hands. We take the bankruptcy accounts on as servicer so recoveries do not stop during the months a workout or a wind-down takes.
Bankruptcy Receivables ServicingThen
Sell the book, to us or to the market
Tribute buys portfolios directly, and runs competitive sales to an institutional buyer network. You can set a firm bid as a floor and test it against the market, which leaves a record of both the price and the process.
Portfolio Sales & AcquisitionsWhere we get the call.
We are used to arriving midstream: an incomplete tape, missing documents, inconsistent servicing records, live bankruptcy cases, and cash already moving. None of that has to be resolved before you call.
- Receivership
- A receiver takes control of a consumer lender and inherits a loan tape nobody on the team has worked before. We value it, service it, or bid on it, and give you portfolio-level reporting you can use in your own report to the court.
- Assignment for the benefit of creditors
- An assignee works a state-law process, on a clock, and a clear record of how the price was reached helps with creditors. A direct bid alongside a competitive process gives you both halves of that record.
- Chapter 7 and liquidating trusts
- A trustee holds a consumer loan book as an estate asset and needs a buyer who can diligence it and close. We can price the book, stand behind a bid or a market process, and take over servicing of the bankruptcy accounts once they transfer.
- A lender client working its own book
- Counsel advising a credit union, a bank, or a specialty lender through a workout can hand us the bankruptcy receivables without handing over the client. You stay the advisor of record.
What you can put in front of the court, the committee, or the board.
The process matters as much as the price. Everything below exists so the process is written down while it happens, not reconstructed afterward.
- A written valuation methodology, with the assumptions stated, not a one-line indication of interest
- Account-level support behind the portfolio number, so a line item can be traced
- A firm Tribute bid and a competitive market process, run as two separate things
- Bankruptcy servicing from the date of transfer, under a SOC 2 Type II audited operation
- One confidential process, from first valuation through settlement
Do you take over the client relationship?
No. We are engaged for the receivables work: valuation, servicing, or the sale. You remain the advisor of record, and we report to you rather than around you.
What do you need from us to get started?
Whatever exists, in whatever state it is in: a loan tape, a servicing extract, bankruptcy case data, payment history, documents. We work out which gaps materially affect the analysis and tell you, rather than asking you to close them first.
Can you value a portfolio if the loan data is incomplete?
Usually, yes. Distressed lenders rarely hand over a clean tape. We identify the gaps that materially affect the analysis and state them in the report, so the reader can see which parts of the number are well supported and which are not.
Will a court or a creditors' committee accept your valuation?
That is not ours to promise, and we do not. We provide a documented expected-recovery analysis: the methodology, the assumptions, and the account-level support. How it is used, and how it is presented, remains the fiduciary’s decision.
What if Tribute also wants to bid on the portfolio?
Tell us at the outset which role you want us in. You can engage us for the valuation alone. You are never obligated to sell to Tribute. If the market beats our offer, you take the market.
Can you service accounts while the disposition is still being decided?
Yes. Servicing and a sale are separate engagements. Taking the accounts on as servicer keeps claim deadlines and plan payments moving while the hold-or-sell decision is still open.
For counsel and advisors
Have a matter with a consumer book in it?
Thirty minutes, no slides. Tell us the posture, the asset, and what you have to deliver. We’ll say what we can value, service, or bid on, and what we cannot.