Bankruptcy is a legal status of a person or other entity that cannot repay the debts it owes to creditors. In most jurisdictions, bankruptcy is imposed by a court order, often initiated by the debtor.
Bankruptcy is not the only legal status that an insolvent person or other entity may have, and the term bankruptcy is therefore not a synonym for insolvency. In some countries, bankruptcy is limited to individuals, and other forms of insolvency proceedings (such as liquidation and administration) are applied to companies. In the United States, bankruptcy is applied more broadly to formal insolvency proceedings.
Another specific type of court records frequently requested is the bankruptcy record. US Federal Districts handle bankruptcy cases in a separate court. We can carry out a search for any bankruptcy associated with an applicant that is recorded in the specific US District Court that you request. The information returned may include case or file number, date filed and type of bankruptcy.
UCC is a practice in all the states to govern all the commercial transactions. The search results are liens between the individuals and businesses regarding the mortgages, equipment and vehicles. The Sources for this information is the National Uniform Commercial Code Filings.
In many cases, debtors have liens associated with a commercial institution. This is great alternative for finding an individual. The individual's address is returned with any matching UCC filings. These addresses are frequently direct matches.
Whether you need help with filing a lien, UCC-1 financing statements, or UCC-3 continuations, amendments, releases or terminations, Credential Research® can help you with all your UCC filings from one secure and convenient web application. Credential Research® makes quick work of UCC filings and includes a proprietary debtor name validation service that alerts you to potentially incorrect corporate debtor names before you file a lien.
Best of all, Credential Research® keeps track of changing jurisdictional requirements—like which states have enacted the 2010 Amendments to UCC Article 9—so you don't have to. Our application is automatically updated with the appropriate forms and prompts so that your UCC-1 filings and any additional UCC filings remain in compliance.
Credential Research will help request a UCC search to find a complete UCC report with the following information: