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Friday, December 11, 2009

Bankruptcy Databases: How To Use Them

By Danny Green

When do you think about a bankruptcy database? The one that is used by the federal courts is known as PACER which can be accessed through the Internet only after paying a fee for such access. This database is especially important to attorneys since they need it to file their client's bankruptcy cases online.

Attorneys are very often allowed to file their client's bankruptcy directly online during times when a lot of cases are being filed and processing times are way up.

However, this bankruptcy database is not accessible directly to debtors who must thus engage an attorney if they want to find information through this means.

Another option available is to use one of the many independent bankruptcy databases that have been built up by many companies, these databases can be very useful when wanting information regarding a company you're thinking of dealing with or when you have two file for bankruptcy.

Using different search queries with bankruptcy databases

When using bankruptcy databases you will find that you have a number of search options available to you, the first will probably be by location including state, city and zip code.

Also locating data according to specific dates is also normally an option. So you can search by filing date, dismissal date and or discharge date. Often it is even possible to search by date of first meeting.

It is also possible to search the bankruptcy database according to type such as chapter seven or chapter eleven dismissal or even a combination that you may opt for, and the bankruptcy database is also able to furnish information regarding individuals as well as businesses

Just as a side note here, remember that Chapter 11 is only for businesses while chapter- is only really for individuals and that also chapter 7 is mostly for businesses as well.

What's more, the bankruptcy database also can hold all the relevant information regarding amounts related to assets and liabilities though not every bankruptcy database will hold such information.

Finally, the bankruptcy database will also contain the house addresses and within this you can filter out addresses with regard to certain apartment numbers, PO Boxes as well as those addresses that have number signs in them.

Thus, as you can see, each different bankruptcy database has a lot of information that it contains and which can be accessed entirely or according to specific needs and it will prove to be very helpful under different situations. - 23305

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