Correct me if I'm wrong since I'm not a funder and I don't handle collections, but once a company/merchant files BK there is nothing to go after even if you have a COJ correct? If a merchant is in BK then maybe I can see how a company like this can be somewhat helpful. If the merchant is not in BK and has the capability to restructure their payments and get back on track, then I find this to be a terrible solution.