Phillips & Cohen Associates Launches EstateSource™ with Authorized Party ID™

WILMINGTON, Del., Dec 14, 2010 /PRNewswire/ -- Phillips & Cohen Associates, Ltd. has expanded its deceased recovery service portfolio in anticipation of forthcoming communication policy standards from the Federal Trade Commission. EstateSource™ will be Phillips & Cohen Associates' new, comprehensive estate location and recovery resource designed to proactively identify and protect creditor assets.

"As leaders in the deceased recovery industry, we have access to the most timely data concerning probate and estates in every jurisdiction in the United States," said Adam S. Cohen, Esq., Co-Chairman and CEO of Phillips & Cohen Associates, "and EstateSource leverages that data for our clients' benefit."

EstateSource brings a variety of capabilities from the company's Estate Service Group into a single program that employs sophisticated data analysis, performs multi-jurisdictional searches, files claim as appropriate, and manages claims processes through resolution. EstateSource offers a complete solution administered by a dedicated team that is responsible for the entire process from identification to recovery completion.

Phillips & Cohen Associates is also launching Authorized Party ID™, an EstateSource component that ensures contact with estate administrators, executors, or other authorized individuals is optimized and maintained in accordance with the latest expanded FTC guidelines.

Clients can use EstateSource to proactively analyze client data sets against various databases (including public and proprietary information sources) to ensure that deceased accounts are identified in a timely manner and that claims are filed in accordance with all applicable laws.

With the upcoming clarification of the FTC's interpretation of the FDCPA, Phillips & Cohen expects deceased recovery clients to select companies with a significant track record for compliance. "The new industry guidelines will ensure that only companies that meet the highest standards for contact with survivors and authorized representatives will prosper in the coming years and that shakeout may increase our business significantly," explained Cohen. "EstateSource will be an integral component of our deceased recovery service going forward and will streamline the process for our clients."

Phillips & Cohen Associates, Ltd. pioneered the compassionate deceased care recovery market by helping companies successfully manage complex estate debt situations and resolve them in a manner that preserves the dignity of affected individuals. The company's clients range from mid-sized firms to leading national and international creditor and banking institutions. Phillips & Cohen Associates serves the consumer credit industry, banking and loan marketplace, as well as specialized industries including healthcare, utility, education, and telecom. The company has five regional offices in the United States and two international offices in the UK and Canada.

SOURCE Phillips & Cohen Associates, Ltd.