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The
Riverside Promise: Cash Now. If you
have a valid claim against a corporation in financial difficulty, you
should call us immediately. Those who
sell such claims may benefit two ways: 1. Getting cash quickly for the
claim, and 2. Obtaining the ability to possibly write off the balance
immediately. Please
note: Generally speaking, the IRS allows an immediate tax write-off
on the balance of bankruptcy debts upon sale; you should check with
your accountant or financial consultant regarding the potential benefits
that may be available to you. Riverside
makes it simple: There are a few easy steps in the process, and Riverside
will be glad to assist with each step. When the
process is complete, you will promptly receive a check from us via FedEx.
At that time you may be able to write off the full difference between
what we pay you and the total amount of your claim. Many claims
linger in court, often for years. During that time you will probably
receive no payments. Typically, the bankruptcy court allows no funds
to be distributed on account of pre-petition claims until either a reorganization
plan is confirmed or the case is finally closed. Equally important,
you usually cannot write off your loss until the bankruptcy process
is completed and it is finally clear that you have sustained an actual
loss. This is true even if it becomes clear early in the bankruptcy
case that unsecured creditors will receive distributions equal to only
a small fraction of their claim. But
we pay you cash up front. Fast. Cash in your hand and a possible immediate tax write-off. That's the Riverside Advantage.
© 2004 Riverside Claims LLC
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