- Question: Is DACA affiliated with or hired by the company in bankruptcy?
Answer: No. DACA is an independent company.
- Question: Why should we sell our claim?
Answer: DACA provides an immediate way to liquidate your claim for cash which may eliminate the uncertainty of the bankruptcy.
- Question: Why should we sell to DACA?
Answer: DACA provides a clear agreement and prompt payment for claims, some of our competitors do not pay in a timely manner.
- Question: When will we get paid?
Answer: DACA will mail your check pursuant to the terms of the offer letter you received, generally within 5 business days. DACA can send your payment by wire transfer or overnight mail for a nominal fee.
- Question: How does DACA determine the offer price for our claim?
Answer: Our offer price is based on several factors including the amount of your claim, the Debtor's financial condition, and our estimated term of the bankruptcy.
- Question: What if we disagree with the amount DACA lists as our claim?
Answer: DACA will review any documents you have and if approved will forward you a revised offer.
- Question: DACA's offer has expired. Will DACA still purchase our claim?
Answer: DACA may agree to still accept your transfer, please contact our office.
- Question: What else will we have to do to transfer our claim to DACA?
Answer: Once DACA receives the signed Notice of Transfer, no further action will be required.
- Question: How can we be assured that DACA will pay us?
Answer: DACA has been in business since 1993, and has acquired thousands of claims. Please contact us if you have any specific concerns.
- Question: We have other claims against companies in bankruptcy. Is DACA interested in purchasing those claims?
Answer: Please email us a list of such claims. We will review and contact you.
- Question: Does DACA have account or invoice numbers to help me reconcile the claim to my books and records?
Answer: Sorry we do not. DACA is an independent company not affiliated with the company in bankruptcy; we do not have full access to the Debtor's books or records.