Friday, December 11, 2009

Pacer - The Online National Bankruptcy Database And Others

By Edward Snow

There are a number of bankruptcy databases available. However the most important is the Pacer bankruptcy database which is the one that is used by the federal courts. Access to this database can be made via the Internet after paying a fee. Attorneys use this database every day in order to file client's bankruptcies.

You see quite often when courts find themselves overrun with a lot of bankruptcy filings to process they will allow attorneys dealing with their clients bankruptcies to make use of online means in order to complete their clients bankruptcy filing.

The Pacer database cannot be accessed by the general public. Anyone seeking to access information held within it must first go through their attorney.

There are however, many companies that have their own bankruptcy databases which help consumers who need to file for bankruptcy and who need to use such bankruptcy databases to find information related to business etc.

Searching bankruptcy databases

If you are looking to use these kinds of bankruptcy databases, you can enter certain parameters for your search which can include according to region which will throw up information according to county, state, city and even three first digits of zip codes.

Another way of searching for data that is normally presented to you is by date, this can include the filing date, data of first meeting, the dismissal date and of course the discharge date.

Searching by the type of bankruptcy i.e. chapter-, Chapter 11 or chapter 7 may also be beneficial to you, you could also try out a combination of these to see if that gave you more relevant data.

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.

Some of the more complete bankruptcy databases will also include details such as the amount relating to assets and liabilities for each case.

It might surprise you to know but these bankruptcy databases can often show you actual physical addresses as well and give you the options to be able to filter out house addresses, PO boxes etc, etc.

Whether it be the Pacer bankruptcy database or one of the many others around, there is a lot of information to be research should you need to make use of their services.

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