Notably, MRLP was the first provider of legal services to the mortgage default industry to provide its clients with a “National Services” bankruptcy platform. MRLP’s Bankruptcy Group, including MRLP’s National Services bankruptcy platform, provides comprehensive legal counsel to its creditor clients affected by cases filed, in all jurisdictions in all 50 states, under Chapters 7, 11, 12, and 13 of the United States Bankruptcy Code.
MRLP bankruptcy attorneys are industry leaders who serve on national boards such as AFLN and the NACTT Mortgage Committee, lead panels on bankruptcy rule changes, are called upon to serve on advisory committees, consisting of members of the bankruptcy bench and trustees, to help draft and interpret the applicability of new and revised Federal Rules of Bankruptcy Procedure and changes to the provisions of the United States Bankruptcy Code. As experts in the real estate arena, MRLP bankruptcy attorneys are frequent lecturers and advisors on the hottest bankruptcy topics including proof of claims and escrow.
In every jurisdiction in the United States, MRLP bankruptcy attorneys review and file all documents under Bankruptcy Rules 3001 and 3002 on the Claims Register, including Proofs of Claim, Responses to Notices of Final Cure, Payment Change Letters, Post-Petition Fee Notices, and Transfers of Claim.
MRLP’s Local Counsel Network consists of industry veterans who work extremely closely with MRLP bankruptcy attorneys to ensure Local Counsel is delivering quality service that consistently exceeds MRLP’s expectations. MRLP’s National Services bankruptcy Platform provides a single point of contact for handling, management, and reporting in connection with, among others Motions for Relief, Objections to Confirmation, and Contested Matters.
MRLP offers an innovative national loan audit menu which offers various scrubs and reconciliations during the bankruptcy process. We conduct an in-depth review of each loan and provide recommendations to limit risks and increase recoveries. These services include loan reconciliations, Chapter 11 loan portfolio audits, Chapter 13 loan portfolio audits, HELOC portfolio audits, Cramdown audits, post-petition loan modification audits, onboarding/transfer file review, and consecutive filer review.
MRLP’s Bankruptcy Group has a proven track record of working creatively with its clients to develop creative solutions to complex problems. We develop highly scalable solutions to challenges to deal with the capacity issues of the large servicer portfolios. We couple experience and expertise with a multi-channeled and balanced problem-solving approach to resolve our client’s biggest issues.