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Post Default Management
Because of PFSC’s experience in dealing with a wide range of assets and our
ability to be flexible and adapt to unique situations, PFSC has been engaged by
major lending institutions to perform a wide range of post default services.
These services vary widely by client and require strong workout and managerial
skills; both of which are areas of core competency for PFSC.
Post-default functions may include:
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Receive notice and direction from the Required Creditors
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Take enforcement action as directed by the Inter-creditor Agent
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Establish and maintain an Enforcement Proceeds Account
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Serve notice to each agent
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Institute and maintain suits and proceedings and take necessary action
under such remedies
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Sell the collateral and/or foreclose on property:
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Appoint agents to perform such actions
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Carry on business
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Collect and disburse all proceeds from the sale of collateral or insurance
proceeds
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Take possession of, repair, recondition, maintain, and manage the collateral
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Interested? Tell us how we can reach you.
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