Civil Financial Investigation & Recovery

Recovery work for fiduciaries.

Blackstone Financial conducts claim-file recovery audits, asset investigation, and judgment enforcement for liquidating trustees, court-appointed receivers, post-confirmation trusts, and other fiduciaries holding rights against third parties.

We work on contingency where the engagement permits. No estate cash committed.

Who We Serve

Built around the operational needs of fiduciaries.

We work with fiduciary professionals managing recovery work post-confirmation, post-appointment, or post-liquidation. Our typical engagement counterparties include:

Liquidating trustees & post-confirmation trusts

Causes of action, subrogation rights, contract claims, and broker errors-and-omissions claims that require operational development before they can be monetized.

Court-appointed receivers

Equity receiverships, federal enforcement matters, and state-court receiverships holding unliquidated rights against third parties.

Chapter 7 trustees & plan administrators

Bankruptcy estates with limited internal bandwidth for claim-file audit, asset tracing, or contingency recovery work.

Estate administrators & executors

Probate matters involving asset tracing, undisclosed interests, or judgment enforcement against debtors of the estate.

Creditors & creditor committees

Parties evaluating claim viability and collectability during diligence or pre-litigation review.

Services

Six services across the recovery lifecycle.

Our services are designed to align with fiduciary economics. We work on contingency where permitted, advance our own costs, and ask nothing of the estate until recoveries are produced — or, when the holder prefers cash today, we acquire the underlying claim directly.

01 / Service

Closed-claim file recovery audit

Self-insured retention programs, large-deductible programs, and fronted insurance structures produce recovery rights belonging to the named insured — subrogation against tortfeasors, contract claims against shippers and brokers, contribution claims against co-defendants, and recoveries from other insurance. These rights routinely go unpursued, particularly preceding an insured’s financial distress.

When a fiduciary takes possession of the insured’s rights through bankruptcy, receivership, or assignment, the closed-claim file inventory typically contains material unrealized value that no party — not the TPA, not the carrier, not prior counsel — has incentive to develop. We conduct the operational audit, identify recoverable opportunities, and pursue them on contingency.

  • File production requests to TPAs, MGAs, fronting carriers, and prior defense counsel as records custodians
  • Inventory cataloguing by loss type, claim status, SOL exposure, and recovery category
  • Recovery thesis development per viable file
  • Demand letter preparation, settlement negotiation, and litigation coordination where required
  • Reporting to the fiduciary on recovered amounts, SOL-barred losses, and disposition
02 / Service

Asset investigation

Asset investigation is the foundation of every recovery engagement. We bring fifteen years of civil financial investigation experience and over four thousand OSINT investigations completed at a major Am Law 200 firm — combining traditional records research with modern open-source intelligence, social media analysis, corporate registry tracing, and digital forensics.

  • Comprehensive asset profiles for individuals and entities — real property, vehicles, business interests, banking, securities, intellectual property
  • Corporate structure mapping across LLC chains, holding companies, foreign jurisdictions, nominee arrangements
  • OSINT, social media intelligence, deep web sources, dark web monitoring, pattern-of-life analysis
  • Suspect transfer identification — pre-petition transfers, fraudulent conveyances, hidden assets, undisclosed interests
  • Cryptocurrency wallet tracing and on-chain analysis where digital assets are in scope
  • Banking and account identification through legally permissible methods, with litigation-ready chain of custody
03 / Service

Judgment enforcement

Most judgments are never collected. We work with judgment creditors, fiduciaries holding assigned judgments, and litigation trusts to convert paper judgments into actual recoveries through operational enforcement work — not just additional litigation.

  • Post-judgment asset investigation focused on attachable, leviable, and garnishable assets
  • Domestication of foreign and out-of-state judgments for multi-jurisdictional enforcement
  • Writs of execution, garnishment proceedings, charging orders against LLC interests, judgment debtor examinations
  • Receivership recommendations and coordination where third-party management is required
  • Fraudulent transfer analysis and clawback litigation referral
  • Negotiated settlement at a discount where recovery economics justify resolution
04 / Service

Civil financial investigation

Civil financial investigation supports a range of fiduciary mandates — internal investigation of pre-distress conduct, evaluation of avoidance actions, due diligence on causes of action being assigned to a trust, and forensic analysis of financial transactions in support of litigation or settlement.

  • Forensic transaction analysis across bank statements, accounting records, corporate financial data
  • Pre-petition conduct investigation — suspect transfers, preferences, fraudulent conveyances, insider transactions, breach of fiduciary duty
  • Cause of action diligence — evaluating claim viability, estimating recoverable amounts, identifying defendants with collectable assets
  • Witness identification and interview support for internal investigations
  • Expert support and demonstrative exhibit preparation for litigation or mediation
  • Coordination with forensic accountants, valuation experts, and litigation counsel
05 / Service

Insurance program recovery

Beyond closed-claim file audit, we support fiduciaries holding rights under broader insurance program structures — D&O policies, fiduciary liability, employment practices liability, cyber coverage, professional liability, and commercial property programs. Our work identifies covered losses never tendered, coverage gaps that produced uncollected indemnity, and broker errors and omissions claims arising from program structure or claim handling failures.

  • Policy review and coverage analysis for losses sustained pre- or post-fiduciary appointment
  • Notice of loss preparation and tender to applicable carriers where coverage was not previously asserted
  • Premium reconciliation and unearned premium recovery for cancelled, non-renewed, or wind-down policies
  • Broker E&O evaluation for coverage gaps, missed deadlines, inadequate limits, or program design failures
  • Coordination with coverage counsel on contested matters and bad faith claim development
06 / Service

Judgment and claim acquisition

We acquire judgments, unliquidated claims, and insurance and subrogation portfolios from fiduciaries who would rather have cash today than recovery years from now. Terms range from outright purchase at a discount to assignment for a modest advance plus contingency on net proceeds, depending on the asset class, the strength of the underlying claim, and the holder’s liquidity preference.

Engagement Model

Three structures, calibrated to fiduciary economics.

We engage on three primary structures, calibrated to the fiduciary’s economics and the recovery profile of the matter. All structures preserve our alignment with the fiduciary’s outcomes rather than billable hours.

Why Blackstone Financial

Operational depth, not just analysis.

i.

Fiduciary alignment

We work where most law firms and financial advisors are structurally unable to work — on contingency, with cost advancement, against recoveries that fiduciaries hold but lack operational capacity to develop.

ii.

Operational, not analytical

Our deliverables are recovered dollars, not memoranda. We do the records requests, the demand letters, the negotiation, and the documentation — not just the analysis recommending that someone else do them.

iii.

OSINT & digital depth

Our methodology integrates traditional records research with modern open-source intelligence, social media analysis, cryptocurrency tracing, and digital forensics. Chain-of-custody documentation is suitable for litigation use.

iv.

Complementary, not duplicative

Our scope is intentionally distinct from trust counsel, financial advisors, and other professionals already engaged. We fill operational gaps rather than competing for the same work.

Contact

Initial consultation provided without obligation.

Tell us about the matter. We respond within one business day. Engagements accepted nationally.

Office
2345 Ashland Avenue, Suite 241
Cincinnati, Ohio 45206
Telephone
(513) 437-2345
Hours
Monday – Friday
9:00 AM – 5:00 PM Eastern
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Confidential. Inquiry does not create a professional engagement. We do not share inquiry details with third parties.