IRVINE, Calif., May 30, 2017 /PRNewswire/ -- Title XI Software
Solutions, Inc. announced they will eliminate the monthly service
fee assessed on new or converting Chapter 7 bankruptcy estates
effective June 1, 2017. The
removal of fees enables their trustees to focus on case progression
while fulfilling their fiduciary duty to pay creditors a meaningful
distribution.
Founder and President Jason Eder
explained the industry changing announcement. "Our commitment
is to the bankruptcy community as a whole. In order for Title
XI to be groundbreaking we decided to go to work on our revenue and
expense models. This allows us to return the chapter 7
industry to a no-fee environment. We are very pleased with
this announcement today."
Title XI has strived to stay true to the core principles of the
Chapter 7 Handbook. Ultimately, chapter 7 panel trustees are
responsible for delivering the highest financial return possible to
all creditors. Eliminating the fees allows for a higher
percentage rate of return for unsecured creditors.
Title XI is leveraging strategic partnerships and creative
revenue opportunities while providing the most comprehensive suite
of services to bankruptcy trustees. This approach includes a
team of industry experts providing unparalleled customer service
with simply the best software available.
Founded in 2011, the company created the first 100% cloud
solution for chapter 7 and 11 trustees. Title XI is committed
to providing trustees a secure, reliable, fast, and simple to use
software.
Contact:
Jason Eder
Jason.Eder@titlexi.com
P.O. Box 52763
Irvine, CA 92619
Phone: 1 (855) 617-7666
Related Links
Title XI Website
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SOURCE Title XI Software Solutions, Inc.