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Friday, December 11, 2009

Pacer - The National Bankruptcy Database Plus Others

By Jamie Wild

The most important and used bankruptcy database is the Pacer database used by the federal courts, this database is accessible online for a fee and is particularly of importance to attorneys throughout America who need to file their clients bankruptcy cases online.

It is also important because when there is greater number of filings, courts allows attorneys to use online means for filing for bankruptcy on behalf of their clients.

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

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.

In addition, you may want to locate information according to date such as filing dates, discharge date, dismissal date and even date of first meeting of which a 341 meeting is a good example.

Then of course you may want to try a search by the type of bankruptcy filed. So you can easily search for bankruptcies that were filed under chapter-, 11 and or 7. In addition you may want to even try a combination.

Just for those who are unclear on this, Chapter 11 is only businesses and you will find that chapter 7 is mostly for businesses too where as chapter- on the other hand is only really for individuals.

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. - 23199

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