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The Essentials Guide: Addressing Bankruptcy Account Management Challenges in 2025

Leaders in default servicing operations are evaluating how best to scale and manage resources, as they prepare budgets and strategies for 2025 and beyond. Bankruptcy account management is one area that has recently garnered more attention from lenders and servicers, given the consistent rise in filing volumes over the last 18 months and the challenges it presents.

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October Bankruptcy Filings Climb Steeply by 15.85 Percent

Total bankruptcy filings steeply climbed by 15.85 percent in October compared to the same month last year. This is close to the average year-over-year monthly increase in 2024 and suggests that bankruptcies will continue to rise in the future. Chapter 11 reorganizations actually fell for the first time in nearly two years, but are still likely to reach an annual filing level not seen since well before the pandemic. Overall, 47,121 individuals and businesses sought bankruptcy protection last month.

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Protecting What Matters: The Importance of Cybersecurity for Third-Party Service Providers

Protecting What Matters: The Importance of Cybersecurity for Third-Party Service Providers

Cyber threats have become one of the most significant risks faced by businesses worldwide in today’s fast-paced digital environment. As organizations across industries - particularly in financial services - rely more on technology and third-party providers, they expose themselves to a growing risk of cyber-attacks. For companies providing automation and BPO managed services to banks, mortgage servicers, auto lenders, and credit card providers, ensuring robust cybersecurity is no longer optional, it’s essential.

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EXECUTIVE BRIEFING

EXECUTIVE BRIEFING:
Reducing Servicing Costs, Improving Data Security, and Mitigating Operational Risk

Leaders from some of the nation’s top financial services organizations gathered at AIS’s Dallas headquarters for an exclusive roundtable discussion. The event brought together servicing operations executives from auto finance companies, mortgage servicers, and commercial banks.

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Navigating New Norms

WHITE PAPER:
Navigating New Norms
Outsourcing as a Catalyst for
Mortgage Service Excellence

As the mortgage sector navigates through complex market dynamics, the primary objectives for many organizations remain the same: master cost efficiency, ensure the delivery of high-quality service, and effectively scale operations.

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CASE STUDY: Tailoring and Scaling Specialized Support to Meet the Dynamic Needs of a Mortgage Servicer

AIS partnered with a Top 5 mortgage servicer to help enhance service quality performance, increase operational efficiencies, and reduce departmental expenses.

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AIS Strengthens Enterprise Risk Management Program with Hiring of Saurabh Jhingan

AIS Strengthens Enterprise Risk Management Program with Hiring of Saurabh Jhingan

AIS, a professional services and technology firm providing quality back-office talent and automation, is pleased to announce the hiring of Saurabh Jhingan as its new Vice President of Enterprise Risk Management.

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Supreme Court Rules Against Sackler Family in Purdue Pharma Case

Supreme Court Rules Against Sackler Family in Purdue Pharma Case

In a 5 to 4 ruling, the U.S. Supreme Court today overturned a settlement in the Purdue Pharma bankruptcy case that would release members of the Sackler family from liability for their alleged role in the national opioid epidemic.

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CFPB Funding Scheme Survives Supreme Court Challenge

CFPB Funding Scheme Survives Supreme Court Challenge

In a 7-2 decision, the U.S. Supreme Court upheld the mechanism for funding the Consumer Financial Protection Bureau (CFPB). The stakes were high for the CFPB, which had said that an adverse decision would threaten “the validity of virtually all CFPB past actions.”

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Bankruptcy Insight Report - September 2024

September filings climbed 13.88% over last year, with 42,540 petitions filed. Chapter 7 and 13 filings showed steady growth at 10.04% and 5.77%, respectively, while Chapter 11 filings surged by a remarkable 40.85%.

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May-2024

Bankruptcy Insight Report - August 2024

Overall bankruptcy filings continued to rise in August compared to the same month last year but at a slower-than-usual pace of 8.47 percent. Despite the more modest August numbers, the year-to-date increase is a much higher 15.56 percent.

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Bankruptcy Insight Report - July 2024

Following a modest increase in June, July saw a significant 24.4 percent surge in bankruptcy filings compared to the same month last year. Year-to-date, filings have risen by 16.7 percent, trending towards a return to pre-pandemic levels by 2026.

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