What is an Adjustment Bureau?
As an organization that is involved with regulating the adjustment process on filed insurance claims issued by persons connected who have established a client relationship with the bureau, the adjustment bureau operates with the support of their clients. Funding for the operations of the adjustment bureau come from resources that are provided by customers of the bureau. In return for the financial support of the members, the adjustment bureau counsels and in some cases manages financial resources on behalf of their customers. This often includes management of the insurance and financial affairs of clients who have experienced serious financial setbacks, up to and including bankruptcy. Bankrupt debtors often are the target customer base for an adjustment bureau. As people struggle to recover from bankruptcy, it can often be a bewildering task to make sense of the status of the financial affairs. This includes the effective management of any insurance claims that may be impacted by the b
Broadly, an adjustment bureau provides assistance managing insurance claims and financial dealings. Adjustment bureaus fall into two major categories: those that manage the affairs of bankrupt debtors and those that work with insurance companies that lack their own claims department. Adjustment Bureaus for Bankrupt Debtors Adjustment bureaus can specilize in the often intricate financial situations of bankrupt debtors, specifically evaluating what parts of the business to rehabilitate or liquidate in order to maximize value.
