SOURCE: TrusteSolutions

TrusteSolutions

February 26, 2015 09:00 ET

TrusteSolutions and BK Global Announce a Strategic Alliance to Deliver Cloud-Based Bankruptcy Real Estate Sales Solutions

HOUSTON, TX--(Marketwired - Feb 26, 2015) - TrusteSolutions, a technology leader providing Web-based and mobile case management solutions to bankruptcy trustees, and BK Global, a national leader in bankruptcy and default real estate solutions, have teamed up to drive industry transformation by integrating a national real estate sales platform directly into the TrusteSolutions platform. The combination of innovative, cloud-based case management from TrusteSolutions and a first-of-its-kind, integrated real estate sales and analytics solution from BK Global will enable trustees to monetize over encumbered assets previously thought of as nonsalable.

The TrusteSolutions platform helps trustees effectively manage their cases so they can be administered more efficiently. The automation built into the system includes proprietary workflow and task generation processes and integration with Microsoft Exchange for optimal efficiency. The company uses the latest technologies to increase trustees' efficiency and provide greater security. The resulting increase in productivity helps maximize returns to creditors, improves accuracy in reporting and leads to cleaner audits.

The new combined professional services package will incorporate all of BK Global's core features, including:

  • Salability/Confidence Scoring -- BK Score™ is an analytical tool delivered on all real estate assets that quickly allows trustees to determine the likelihood of a successful sale.
  • National Sales Platform -- Bankruptcy Listing Services (www.bankruptcylistings.com) is an online marketing platform that engages millions of real estate buyers and investors in the United States.
  • Bankruptcy Trained Broker Network -- BK Global's broker network is trained and certified in bankruptcy real estate disposition and supported by negotiation experts and dedicated support staff.
  • Established Loan Servicing Relationship -- BK Global Loan Servicing Specialists work directly with servicing decision makers to obtain consent on the most challenging real estate assets, in record time.

With this strategic alliance, TrusteSolutions and BK Global are optimizing and standardizing the way bankruptcy real estate is analyzed, marketed, and sold while significantly increasing returns to creditors and allowing debtors a graceful exit.

"Integrating the TrusteSolutions system with the BK Global platform is in line with our strategy to help trustees make more money and maximize returns to creditors," said Kristi Singal, president of FSS. "This new alliance will enable us to continue increasing value to our client base."

"Our forward-thinking platform fulfills an age-old bankruptcy industry demand, providing trustees with a simple and seamless real estate liquidation solution," said Brad Geisen, Chief Executive Officer (CEO) of BK Global. "The days of trustees reluctantly leaving money on the table because of over-encumbered assets are now over. And we couldn't be more excited to empower the fine professionals in TrusteSolutions' nationwide network."

Representatives from TrusteSolutions and BK Global will discuss and demonstrate the integrated platform and services this week at the Spring NABT Conference in Charleston, South Carolina.

About TrusteSolutions and FSS
TrusteSolutions is a division of Financial Software Solutions, LLC, a Houston-based software company that provides cloud-based enterprise software to professionals across the United States. FSS also provides a suite of Web-based apps for legal professionals through its BlueStylus division, which includes time and billing tools and document-sharing solutions. FSS is dedicated to providing enterprise-level software that is easy to learn and easy to use, helping businesses do more with fewer resources for enhanced productivity. To learn more, visit www.trustesolutions.com.

About BK Global
BK Global™ is a national company with a bankruptcy service platform containing a network of certified BK real estate Brokers and Agents, a national marketplace for listing and submitting bankruptcy real estate purchase offers (www.bankruptcylistings.com), and a centralized team of loan servicing specialist that enable Federal Trustees to streamline and manage their real estate needs most effectively for the benefit of the bankruptcy estate and unsecured creditors. By integrating its unique services and implementing its proprietary tools, BK Global is poised to create industry standards and efficiencies. To learn more, visit www.bkginc.com.

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