Bankruptcy Filings
- Court filings of individuals or businesses that
have filed for bankruptcy.
- Chapter 7 - personal bankruptcy.
- Chapter 11- filed by a business seeking
temporary protection from creditor's claims during reorganization.
- Chapter 13 - filed by employed individuals and
by very small businesses who then pay their
debts according to a plan supervised by a court-appointed trustee.
- Valuable to banks and financial institutions,
credit managers, real estate acquisition firms and attorneys.
- Enables them to provide financial aid services,
monitor customers for money owed and monitor the credit standing of
prospective businesses.
Sample
Chapter 13
Doe, Jane, 9822 Smith St., Houston, TX 77086;
RC Simon; 1/3/03