B-Line, LLC Successfully Completes SAS 70 Type II Audit

B-Line, LLC, an industry leader in bankruptcy solutions and accounts receivable management, announced today the successful completion of its SAS 70 Type II audit for the second year in a row.

SAS 70 is a widely recognized auditing standard developed by the American Institute of Certified Public Accounts (AICPA) that measures service organizations’ controls and safeguards.  A SAS 70 audit is one of the most widely recognized and rigorous assessments of a servicing company’s internal processes, systems and controls.  It confirms that B-Line’s internal operations have been documented, reviewed and audited by an independent third party, and validated against a very stringent set of controls.

B-Line’s continued success with the SAS 70 Type II audit highlights our dedication to internal controls and operating effectiveness and further validates B-Line’s best in class bankruptcy proof of claim and bankruptcy monitoring services.

Bryan Waters, Chief Executive Officer of B-Line, LLC, stated “We are always pleased when we can demonstrate for our customers and business partners our dedication to compliant and safe operations.  This important validation of B-Line’s high standard of business practices supports our trusted brand and the solutions we provide.”

B-Line, LLC is one of the leading purchasers and servicers of consumer bankruptcy accounts in the United States.  Since B-Line’s founding in 1997, the company has purchased and serviced more than $45 billion of bankruptcy receivables.  B-Line purchases and services both secured and unsecured consumer debt included in both Chapter 7 and Chapter 13 bankruptcy cases throughout the nation.