[ BANKRUPTCY ACCOUNTS ]
Bankruptcy Account Management
Bankruptcy accounts need two things done right: stop collection the moment a case is filed, and get the account back to work quickly if the case is dismissed. Paragon tracks every account’s status on one platform across bankruptcy, agency and legal, so those handoffs don’t leak money or create risk. It is one part of a single partnership that runs your entire post-charge-off recovery.
Status tracked across every channel
Bankruptcy status follows each account across agencies and law firms on one platform, so no vendor keeps working an account it should not touch.
Back to work when a case is dismissed
When a case is dismissed, the account can be routed back to the right recovery channel without waiting on a manual handoff.
Discharged debt stays protected
Discharged accounts are kept out of active collection across the network, backed by our compliance and vendor oversight.
Reported with everything else
Bankruptcy status and outcomes appear in the same weekly account-level reporting as your agency, legal, debt settlement and deceased accounts.
Frequently asked questions
What should a lender do when a Chapter 13 is dismissed?
Confirm the dismissal, check for a new filing, and return the account to an active recovery channel quickly. Speed matters, because dismissed accounts lose value while they sit.
How do you avoid collecting on discharged debt?
By tracking bankruptcy status on one platform that every agency and law firm works from, and auditing the network against it.
How is Paragon paid?
On what is collected. Upfront scoring of your file is free.
See what your file would collect
Send state, zip, balance and charge-off date. We will show what each account would collect, when and at what cost, by state.
