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.
We work with fiduciary professionals managing recovery work post-confirmation, post-appointment, or post-liquidation. Our typical engagement counterparties include:
Causes of action, subrogation rights, contract claims, and broker errors-and-omissions claims that require operational development before they can be monetized.
Equity receiverships, federal enforcement matters, and state-court receiverships holding unliquidated rights against third parties.
Bankruptcy estates with limited internal bandwidth for claim-file audit, asset tracing, or contingency recovery work.
Probate matters involving asset tracing, undisclosed interests, or judgment enforcement against debtors of the estate.
Parties evaluating claim viability and collectability during diligence or pre-litigation review.
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.
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.
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.
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.
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.
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.
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.
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.
Our preferred structure for closed-claim file recovery, broker E&O claims, judgment enforcement, and other engagements with quantifiable recovery potential. We advance all third-party costs and take a defined percentage of net recoveries. Rates typically range between 20–35% by engagement.
For engagements requiring investigative work in advance of identifying recovery targets — complex asset investigations or pre-litigation diligence. The fiduciary covers a reduced hourly rate during the investigative phase, with reduced contingency on resulting recoveries.
For diligence engagements, internal investigations, expert support, and matters where the deliverable is information or analysis rather than a recovery outcome. Rates and scopes are negotiated per engagement.
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.
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.
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.
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.
Tell us about the matter. We respond within one business day. Engagements accepted nationally.