Bankruptcy (Federal & Private)
This workflow template illustrates the processing of federal or private (chapter 7 and 13) bankruptcy cases. Purchase and download this template in PDF, Visio and PowerPoint formats, and customize it to fit your organization, or use it to better understand the Bankruptcy (Federal & Private) process.
Related KPIs : Amount Collected per Collections Employee, Bankruptcy Portfolio Composition: Chapter 7, Bankruptcy Portfolio Composition: Chapter 13
What is Bankruptcy (Federal & Private)?
The Bankruptcy (Federal & Private) process involves the processing of federal or private (chapter 7 and 13) bankruptcy cases. Chapter 7 is designed to wipe out general unsecured debts (credit cards, medical bills, etc.) and debtors must have little or no disposable income to qualify. Chapter 13, on the other hand, is designed for debtors with a regular income who can pay back at least a portion of their debts through a repayment plan. If a debtor makes too much money to qualify for a Chapter 7 bankruptcy, they may have no choice but to file for Chapter 13. This process includes a review of received claims, forbearance request processing, guarantor letter processing, filing the claim within the court system (for federal bankruptcies only), shifting of loan to cosigner (when possible) and the resumption of collections activities (after debtor emerges from bankruptcy).
Download a Sample Bankruptcy (Federal & Private)
Frequently Asked Questions
Q: How do you create your Workflow Templates?
A: From real-world consulting engagements with Fortune 500 leaders. We’ve spent 25 years analyzing operations at hundreds of leading companies worldwide, documenting thousands of business processes at precise levels of detail. We’ve anonymized this data—drawn from millions of dollars’ worth of consulting assignments—and have made it available to you in easy-to-use templates at affordable OpsDog prices.
Q: What can a Workflow Template do for me?
A: Boost productivity, efficiency, and service levels! Broken business processes—marked by manual workarounds, downtime, and errors—are all too common. Many businesses write off this waste as “the cost of doing business.” But you know better than that! Simply select the OpsDog Workflow Template that best fits your situation, tweak it to your liking, and then use it to train employees, identify process improvements, inform an IT project, or re-design a workflow. That’s a lot of power in your hands, cheap!
Q: What’s in the box when I buy one?
A: Three handy versions, all in one zipped file. It’s yours to download immediately upon purchase, and includes your chosen Workflow Template in PDF format, plus Microsoft PowerPoint (which you can edit), and Visio (which you can also edit).
Q: Your download-able templates look great. But I need something custom. Can you help?
A: Heck yes. Our analysts would be happy to provide you with a more detailed Workflow Template than what we offer for instant download. We can also develop an entirely new, customized Workflow Template to fit your business; we specialize in this stuff and would love to help you! Simply email us (firstname.lastname@example.org) or call us at 866.650.2888 and one of our friendly professionals will be happy to answer all your questions.