Providers and firms holding receivables
Selling personal injury receivables
A book of personal injury receivables is worth what its cases are worth and when they resolve. The buyer reads the book case by case, so the book should be prepared that way.
Who this is for
Providers, billing companies and firms that hold personal injury or letter of protection receivables
Your job is to turn a book that pays out over years into capital now, at a price you can defend. The buyer will build its own view of each case. A book already described case by case, from the record, shortens that work and shows you what it contains.
- Car accident12 to 24 mo
- Motorcycle accident12 to 30 mo
- Truck accident18 to 36 mo
- Wrongful death18 to 36 mo
- Premises liability12 to 30 mo
What is being sold or financed
Personal injury accounts receivable are amounts owed on the recovery of a case: provider balances, letter of protection receivables and fee receivables. They can be sold outright, financed against, or sold in a flow arrangement as new ones are created.
Criterica Capital reads the book from court records and private settlement data and prepares the request. Buyers and capital providers are independent and each decide on their own.
What the buyer reads in a book
The buyer reads each receivable against its case: type, stage, court, attorney and defendant. It reads the age of the receivable, the history of collections from the same attorneys and the concentration in any single attorney or case. And it reads the pace of comparable cases to place each receivable on a timeline.
The record supplies case status and pace. The seller supplies the ledger and the collection history.
How to prepare the book
Build a schedule with one line per receivable: balance, date of service, attorney, case type and court. Add collection history by attorney. State what is already pledged or sold. A schedule that matches the filed record line by line is the strongest starting point.
How to read this
The bands describe how each case type has commonly resolved. A book is read receivable by receivable, and each buyer prices it on its own.
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Questions readers ask
What counts as a personal injury receivable?
Amounts owed on the recovery of a case: provider balances, letter of protection receivables and fee receivables.
What does a buyer read in a book of receivables?
Each receivable against its case, the age of the receivable, collection history by attorney, concentration, and the pace of comparable cases.
How should a book be prepared?
One line per receivable with balance, date of service, attorney, case type and court, plus collection history by attorney and a statement of anything already pledged or sold.
Next step
Know what the book is worth before you sell or raise.
A written read from the record comes first. Buyers and capital providers are independent and each decide on their own.
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