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Know what you’re buying before you pay for it.

A debt portfolio is only worth what can be collected from it, and that depends on facts you can check before you buy: what the contracts say, how old the accounts are, how well they’re documented, and who the debtors are. Ansari Business Litigation reviews commercial portfolios for debt buyers before purchase, tells you which accounts are good debt and which are bad debt, and builds the collections strategy for the ones worth working.

What we look at before you buy

The underlying contracts
Whether they’re enforceable as written, whether they provide for interest and attorney’s fees, and where they send disputes, whether it’s in an Illinois court, another state’s court, or arbitration before JAMS, AAA, or another forum, each of which changes the cost and timeline of collecting.
The chain of title
Whether the seller can prove it owns what it’s selling and whether assignment is documented account by account.
Account age
Against Illinois limitations periods and whether any accounts are already time-barred. Ten years on written contracts, four on sale of goods, five on oral agreements.
Documentation
Signed agreements, invoices, statements, payment histories, guaranties.
Debtor profile
Operating businesses versus dissolved entities, individuals with wages versus judgment-proof debtors, and whether any have filed bankruptcy.
Prior collection history
Including whether judgments already exist and whether they need revival.

What you get

A written assessment sorting the portfolio into accounts worth working, accounts worth working only at a price, and accounts not worth buying, with the reasons. A recommended collections strategy for the good accounts: forum by forum, with realistic timelines and costs. And, if you buy, an onboarding that turns that strategy into your template system so the work starts shortly after the paper transfers.

After you buy

The portfolio moves onto our standing arrangement, either a fixed monthly fee plus reduced contingency or all contingency, reporting access, the same process on every account. For portfolios that include unpaid judgments, see Judgment Enforcement.

What it costs

Pre-purchase review is billed hourly or as a flat fee sized to the portfolio, quoted before we start. If you buy and retain us to collect, the review fee is credited against the first months of your standing arrangement, so the work you paid for to evaluate the portfolio becomes the first part of working it.