COLLATERAL BANKRUPTCY SERVICES, LLC
ST. PETERSBURG, FLORIDA

Collateral Bankruptcy Services, LLC (CBS) is a consulting firm specializing in managing the complexities of consumer bankruptcy filings. Incorporated in Florida and headquartered in St. Petersburg, CBS offers services related to the surrender of collateral in Chapter 7 and Chapter 13 bankruptcy cases. The company caters to trustees, debtor's attorneys, bankruptcy form preparers, and debtors, facilitating an efficient handling of vehicles and other secured assets. Under U.S. Bankruptcy Code, specifically 11 U.S.C. § 704(a), CBS assists trustees in the mandatory duty to secure surrendered vehicles, a service recognized as best practice for Chapter 7 Trustees when dealing with surrendered assets. CBS stands out by streamlining processes that are often challenging due to poorly filled schedules or ever-changing creditors' details, ensuring that trustees avoid unnecessary administrative burdens and costs. The company swiftly drafts and serves notices of abandonment and coordinates with secured creditors to ensure legal compliance and security of the vehicle in question. Notably, CBS operates without charging fees from trustees nor requiring official employment by the estate, providing immediate service upon a trust's email request. Founded on October 5, 2015, CBS has resolved many client issues with its prompt services, earning appreciation for easing complex interactions and logistical challenges related to vehicle surrender in bankruptcy situations. Contact information on their website highlights multiple channels for inquiries, including direct phone lines and contact forms, ensuring accessibility for clients seeking assistance. Overall, CBS is a comprehensive solution provider for trustees facing creditor communication hurdles during bankruptcy proceedings.