Jay Strock was quoted in the Market Watch (a supplement to The Wall Street Journal) article "UpShot Services First Claims Agent With Court-Approved Electronic Claims Filing Portal for Active Chapter 11 Cases." While the full text can be found in the August 19, 2013 issue of Market Watch, a synopsis is noted below.
UpShot Services has become the first claims agent in the country to receive approval from the U.S. Bankruptcy Courts to obtain claims electronically in Chapter 11 cases. UpShot used this technology earlier this year in a case in which over 35% of the total value of claims was submitted electronically.
"The investment of time and money that UpShot has made in its technology will most certainly pay off," said Jay Strock. "The company's drive to be on the cutting edge offers unprecedented value to bankruptcy estates."
The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.