NDC tells you what happened. PVL tells you what it's worth, what you'll collect, and which cases need attention this week — without anyone touching a spreadsheet.
Buying claims rather than holding them? PVL for Debt Buyers →
NDC is the system of record — it answers "what happened on this case?", one case at a time, backward-looking. Every question that actually runs your business starts with someone exporting a CSV and building a spreadsheet. That gap is what PVL closes.
You're not replacing NDC — you already trust that data. PVL is the judgment layer that sits on top of it.
Know which cases are failing before the dismissal order arrives. PVL scans 40+ docket patterns — dismissal motions, vehicle surrender language, payment gaps, plan modifications — and converts your whole book into a ranked exception list with a plain-English reason on every flag.
| Case | District | Signal Detected | Status | Expected Recovery | Recommended Action |
|---|---|---|---|---|---|
| 25-30114 | N.D. Tex. | Trustee motion to dismiss — payment default | Critical | $11,400 → $3,100 | Contact debtor counsel before the hearing |
| 24-41772 | N.D. Ga. | Vehicle surrender language in amended plan | Critical | $8,900 → $2,200 | Reassess collateral, review objection window |
| 25-10236 | E.D. Mich. | Two consecutive missed disbursements | At Risk | $6,700 → $4,800 | Flag for follow-up before month three |
| 24-52901 | C.D. Cal. | Zero NPV — senior mortgage arrears absorb plan base | At Risk | $5,300 → $0 | Deprioritize — collection effort exceeds recovery |
| 25-20458 | W.D. Wash. | Plan modification filed — payment reduced 18% | At Risk | $9,200 → $7,500 | Recalculate reserve against modified plan |
| 24-33810 | D. Ariz. | Wage order active — 14 consecutive payments | On Track | $10,100 holding | No action needed |
Confirmed plans promise full payment schedules. Roughly half of them fail. A flat haircut assumption hides which half — PVL's survival-weighted cash flows replace the haircut with a claim-by-claim forecast your auditors can examine.
The plan says you'll receive $12,000. PVL says: expect $6,800, mostly in months 4–18. Monthly, per claim, discounted at your rate — the number your forecast should actually carry.
ASC 326 requires bankruptcy-exposed loans to be individually evaluated with probability-weighted expected cash flows. That is literally what the engine outputs — model-driven estimates you can put in front of OCC, FDIC, or NCUA examiners.
Every projection comes with its assumptions: district completion rates, docket signals, macro overlay. When actuals arrive, variance reporting shows how the model performed — documentation, not judgment calls.
The buy-side prices Chapter 13 paper with exactly this kind of engine. When a bid lands on your desk, you should already know your reservation price — and the buyer's math.
What the book pays if you hold it: survival-weighted collections, discounted at your rate, net of servicing cost. Your mark for audit, your baseline for any negotiation.
The same cash flows priced at a buyer's hurdle rate — what a rational buyer would pay you today. When the bid arrives, you'll know whether it's fair before the caller finishes the sentence.
Some claims are worth holding to completion; some are worth more to a buyer than to you. PVL ranks the book both ways, so a partial sale keeps the paper you should keep.
Same engine the buy-side uses to price acquisitions — with outputs named for the questions a holder actually asks.
Valuation is a quarterly need. Knowing which cases are deteriorating is a weekly one. Pricing follows the cadence.
Books over 10,000 claims are priced per portfolio — contact us. Buying claims instead? See underwriting pricing →
Send us your NDC export. We'll return the watch list, Expected Net Recovery on every claim, and the one-page portfolio memo — $500 flat, no commitment.