Bankruptcy Management Solutions Inc.

BMS, Inc. Releases Enhanced Software with CaseLink 8.12
IRVINE, Calif., May 15, 2006 -- Bankruptcy Management Solutions, Inc. (BMS) announced today that it has released version 8.12 of its industry-leading CaseLink software to its Chapter 7 bankruptcy trustee clients.

“We believe our newest version of CaseLink will be beneficial to our trustee clients, because many of its enhancements and new features came from the feedback we received from our Customer Advisory Council,” said Stephanie Angelos, product manager at BMS. “The feedback and suggestions we received following our 8.0 release have allowed us to make our CaseLink software a truly superior product.”

The 8.12 version of CaseLink includes new features and enhancements that help save trustees time by automating many of their case administration requirements. In addition, CaseLink’s newest version includes helpful tools for even greater efficiencies.

The new SnapShots feature helps trustees build filters (queries) from the fields in CaseLink and display the results in an interactive grid, which can be printed or exported to another file format. Color-coded fields help identify important data.

With just one click, the new Court Docket link enables trustees to view their case dockets directly at the court.

CaseLink 8.12 includes several ledger updates, including expandable screens, more flexibility on the number accounts that can be viewed, a highlight function for transactions, columns for assets, claims numbers and UTC codes, and a running balances link.

Clients using the current version of CaseLink can automatically upgrade to the 8.12 version via a web-update option that uses the most advanced technology available through the Internet. BMS will also have e-Learning courses for its clients to learn more about the enhancements and features available through the new version.

“We are excited to offer this latest version of our CaseLink software to our clients,” said David S. Watkins, president of BMS, Inc. “We are committed to providing our clients with the most innovative and leading-edge products and services in the industry, and believe this version is just one more way for us to maintain our status as a market leader in the industry.”

About BMS
In 1987, Bankruptcy Management Solutions, Inc. (BMS) was a wholly owned subsidiary of JPMorgan Chase , and began offering bankruptcy solutions for Chapter 7 panel trustees. In 2003, BMS became an individual entity, and released its flagship product, CaseLink, to those same trustees. BMS now offers fiduciary management solutions for not only Chapter 7 trustees, but also to Post-Confirmation Trustees, Receivers, Disbursing Agents, and Assignees for the Benefit of Creditors.