In 2021, the United States Courts’ official website reported over 434,540 bankruptcy filings. While the current year recorded only 370,685, (a fall of 11.4% from the previous numbers) these figures are by no means pleasant to see. They espouse curiosity from those who might be apprehensive...
To search the bankruptcy filings either in person or online, you'll need some basic information about the debtor and the bankruptcy case. If a debtor owes you money, the bankruptcy court will mail you the case number, which you can use to pull up the records. If you do not have the c...
BankruptcyBankers are facing nonperforming loans in increasing numbers. Loan defaults can be divided into 2 broad categories: 1. monetary defaults, such as nonpayment of principal and interest or real estate taxes, or 2. a failure to adequately maintain and lease the property. In a well-...
most assets are kept and the business continues to function. This is the most costly, complex, and time consuming filings for bankruptcy, and it is only recommended with the advice of a professional bankruptcy lawyer or attorney.
How to Find Another Company's EIN If you need to look up another business' EIN, first identify whether it is a public or private company. If the company is publicly traded, its EIN will be listed in its SEC Filings. These are publicly available at the Securities and Exchange Commission...
Other Bankruptcy Filings While Chapter 7, Chapter 11, and Chapter 13 are the most common bankruptcy proceedings, there are several other types: Chapter 9bankruptcy is available to financially distressed municipalities, including cities, towns, villages, counties, and school districts. Under Chapter 9,...
bankruptcy filings or lawsuits. One other place to look, according to the Small Business Administration, is business and public records databases. Employees have a record of the tax ID number on payroll documents. Paystubs and W2 forms have this information often referred to as an Employer Identif...
Bankruptcy:While it should be considered as a last resort, filing for bankruptcy may provide temporary relief by halting foreclosure proceedings and allowing homeowners to reorganize their debts. Bankruptcy laws and eligibility criteria vary, so consulting a bankruptcy attorney is essential. ...
If you received the cancelled debt due to bankruptcy filing. To the extent you are insolvent immediately before the cancellation of the debt. Insolvency means your debts exceed the value of all your assets. You can exclude cancelled debt from income up to the amount that you are ins...
BankruptcyNatural experimentCoarsened exact matchingBy providing quick and easy access to credit, online lending platforms may help borrowers overcome financial setbacks and/or refinance high-interest debt, theredoi:10.2139/ssrn.2958916Hongchang Wang