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How to find them
Bankruptcy – current state  <ul><li>The American Bankruptcy Institute reported 1.4 million consumer bankruptcy filings in ...
Bankruptcy <ul><li>Bankruptcy is a state in which a person is unable to pay creditors and is required to undergo a legal p...
Information Contained in Bankruptcy Records <ul><li>The bankruptcy petition which lists the names of the creditors, the de...
Information Contained in Bankruptcy Records <ul><li>A chronology of events and the kind of documents submitted </li></ul><...
How do Public Bankruptcy Records Help? <ul><li>Assessing the Financial Strength </li></ul><ul><li>Assessing the Financial ...
Assessing the Financial Strength of a Company (1) <ul><li>Bankruptcy records  of a company should be examined to decide if...
Assessing the Financial Strength of a Company (2) <ul><li>Even if the company has filed for bankruptcy under Chapter 11, i...
Assessing the Financial Position of a Consumer (1) <ul><li>Bankruptcy files  are useful from the perspective of establishi...
Assessing the Financial Position of a Consumer (2) <ul><li>Filing under Chapter 13 remains on record for a period of 7 yea...
How to Obtain Bankruptcy Public Records? <ul><li>The process of obtaining bankruptcy records does not have to be a painful...
How to Obtain Bankruptcy Public Records? <ul><li>Bankruptcy search  could not be any easier, but some people do not know h...
Online Bankruptcy Public Records <ul><li>Identify bankruptcy filings electronically </li></ul><ul><li>They help you automa...
Online Bankruptcy Public Records <ul><li>Improve recovery rates </li></ul><ul><li>They minimize unnecessary operational ex...
The Best Online Bankruptcy Public Records <ul><li>bankruptcyrecordssearch.com </li></ul><ul><li>usbankruptcyrecords.com </...
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Bankruptcy Records

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Bankruptcy Records Search is dedicated exclusively to providing users with the bankruptcy records informaiton they need.

Published in: Economy & Finance, Business
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Transcript of "Bankruptcy Records"

  1. 1. How to find them
  2. 2. Bankruptcy – current state <ul><li>The American Bankruptcy Institute reported 1.4 million consumer bankruptcy filings in 2009. </li></ul>
  3. 3. Bankruptcy <ul><li>Bankruptcy is a state in which a person is unable to pay creditors and is required to undergo a legal process that usually results in liquidation of his/her estate in order to meet expenses (at least in part). </li></ul><ul><li>The bankruptcy system allows a fresh start, hopefully with a more cautious attitude about spending and credit. </li></ul>
  4. 4. Information Contained in Bankruptcy Records <ul><li>The bankruptcy petition which lists the names of the creditors, the debtor, the trustee, the attorneys and the judges </li></ul><ul><li>The amount of money involved in the bankruptcy suit, the nature of the suit, and the reason for the proceedings </li></ul>
  5. 5. Information Contained in Bankruptcy Records <ul><li>A chronology of events and the kind of documents submitted </li></ul><ul><li>final verdict or the status of the case </li></ul><ul><li>other relevant information that can be useful to a person </li></ul>
  6. 6. How do Public Bankruptcy Records Help? <ul><li>Assessing the Financial Strength </li></ul><ul><li>Assessing the Financial Position of a Consumer </li></ul>
  7. 7. Assessing the Financial Strength of a Company (1) <ul><li>Bankruptcy records of a company should be examined to decide if it is worth investing in the company </li></ul><ul><li>When large companies go bankrupt, they make the headlines, however, most people are unaware of the financial position of small companies </li></ul><ul><li>Investing in a company that has filed for bankruptcy protection is not a sensible idea </li></ul>
  8. 8. Assessing the Financial Strength of a Company (2) <ul><li>Even if the company has filed for bankruptcy under Chapter 11, it is possible that the restructuring plan may not work. </li></ul><ul><li>In case the company has filed under Chapter 7, liquidation of assets takes place and the company pays its creditors before paying the investor. </li></ul>
  9. 9. Assessing the Financial Position of a Consumer (1) <ul><li>Bankruptcy files are useful from the perspective of establishing personal relations </li></ul><ul><li>Bankruptcy can remain on a person's record for a long time. In case bankruptcy is filed under Chapter 7, it remains on the credit report for 10 years </li></ul>
  10. 10. Assessing the Financial Position of a Consumer (2) <ul><li>Filing under Chapter 13 remains on record for a period of 7 years from the date of repayment of debt. </li></ul><ul><li>Bankruptcy has a negative impact on a person's ability to borrow money. In fact his credit scores can fall by as much as 250 points.  </li></ul><ul><li>In case of doubt, it might be advisable to do bankruptcy lookup for a person. </li></ul>
  11. 11. How to Obtain Bankruptcy Public Records? <ul><li>The process of obtaining bankruptcy records does not have to be a painful one. </li></ul><ul><li>There are numerous cost effective ways of retrieving the necessary information. </li></ul><ul><li>In fact, most of the bankruptcy court records are available online. </li></ul>
  12. 12. How to Obtain Bankruptcy Public Records? <ul><li>Bankruptcy search could not be any easier, but some people do not know how to do it and actually pay money for this information. </li></ul><ul><li>All one has to do to get bankruptcy case is to visit bankruptcy records online and run a search by either case number, name or social security number. </li></ul><ul><li>The automated system will then read off information about the case. Some courts have all of this information available online, as well. </li></ul>
  13. 13. Online Bankruptcy Public Records <ul><li>Identify bankruptcy filings electronically </li></ul><ul><li>They help you automatically discover, monitor, and manage changes in bankruptcy case information. </li></ul><ul><li>It searches comprehensive nationwide bankruptcy databases to quickly identify new filings, as well as recently deceased individuals. </li></ul>
  14. 14. Online Bankruptcy Public Records <ul><li>Improve recovery rates </li></ul><ul><li>They minimize unnecessary operational expenses and helps you focus your efforts on the most collectible accounts in your portfolio. </li></ul><ul><li>They are fully customizable to meet your unique data and delivery needs. </li></ul>
  15. 15. The Best Online Bankruptcy Public Records <ul><li>bankruptcyrecordssearch.com </li></ul><ul><li>usbankruptcyrecords.com </li></ul>
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