National Bankruptcy Services is relocating its headquarters to Addison, Texas, executives announced Tuesday. 

The move is primarily due to the company’s desire to accommodate the firm's 450 employees.

"Our entire team is excited about the opportunity to relocate to facilities that will be designed to meet the changing needs of our employees and the clients we all serve," said Larry Buckley, chief executive officer of NBS.

He added, "We believe this new environment will only enhance our reputation as a national leader in the default services space."

NBS offers bankruptcy and other default servicing solutions to its colleagues in the mortgage, consumer lending and servicing industries.