About Us

About Us

Each element of the Ascension approach was developed from the company's roots as a law firm specializing in consumer bankruptcy. Throughout its twenty year history, Ascension has experienced a natural evolution to its current leadership position. In its early years, the company provided bankruptcy services to local and regional clients. Subsequently, in the late 1980's, the company took its first major step into the nationwide consumer bankruptcy industry when it was called on to develop national bankruptcy programs for industry leaders such as Chase Manhattan Bank and Citicorp.

The next phase witnessed the company accepting the challenge of providing turn-key bankruptcy servicing for The Associates. Working over 100,000 bankruptcy accounts for The Associates and other top companies during this period provided the experience that is the foundation for Ascension's current growth into larger and more diverse markets. Within a few years of its work with The Associates, the company had broadened its experience base to include the collection of both secured and unsecured bankrupt loans in a wide range of fields including auto finance, household goods, personal finance, home mortgage, home equity loans, and manufactured housing.

After years of experience in providing bankruptcy recovery and legal services in these fields, in 1998 Ascension took the next step in its evolution into a full service bankruptcy company when it teamed with BancOne Capital Markets and Cargill Financial Services for the purpose of purchasing bankrupt loans for its own portfolio. These affiliations allowed Ascension to aggressively pursue and complete a number of transactions in the past years, but more importantly, they positioned Ascension to be a full service player in the area of bankruptcy account management for years to come.

Today, Ascension aggressively pursues four business segments…

· Ascension's Bankruptcy Servicing Program is based on experience through hundreds of thousands of cases, providing a unique mix of expertise and efficiency.

· Ascension's well-financed Account Purchasing function was born of its heritage in legal services and servicing and has positioned the company to take a leadership role in the coming decade.

· Ascension's roots were originally in providing bankruptcy Legal Services. Today, it manages a nationwide network of bankruptcy attorneys, who in turn provide the highest level of skill at a lower cost through volume pricing.

· Finally, the foundation of it all is Ascension's proprietary BKTrakkerTM Software, which allows the delivery and management of the other functions to be carried on at a level years ahead of others in the industry.

In 2005, Ascension joined with Encore Capital Group (ECPG) to develop a relationship which further provides the management, technical, and financial resources to handle the needs of any client. This partnership leverages Ascension's bankruptcy knowledge with Encore's capital resources and depth of collection expertise to further solidify both Ascension and Encore as industry leaders in their respective fields.