Life After Bankruptcy and Importance of Bankruptcy Records

Why you need copy of bankruptcy records?

Bankruptcy filer typically request a copy of their bankruptcy petition,  discharge and/or final decree when they are applying for a new loan or refinancing.  Creditors / Lenders want to see the petition to see what was included in the bankruptcy.  They want to see the bankruptcy discharge to make sure that the applicant has finished his/her bankruptcy case and applicant don’t owe the debts anymore.  This apply to all bankruptcy cases either Chapter 7 or Chapter 13 cases filed. If you lost your bankruptcy discharge papers and you need copies of your bankruptcy documents?

How do you get another copy of bankruptcy records?

At first place it is advised to contact your attorney. If your attorney is not reachable then contact the clerk or administrator of the court where the bankruptcy was discharged for your records. Or if your in a hurry you can go to one of the online retrieval services if you live out of the state you filed in. There are several good ones. The cost is minimal and you can usually get them back via email within a couple of hours. The one I have used in the past is www.bankruptcylive.com.  They are super fast in retrieving and sending records by email, friendly and cheapest service provider online.

Jacksonville bankruptcy filings at slowest pace since 2008

by Karen Brune Mathis, Managing Editor Consumers and businesses are filing for bankruptcy at the slowest pace since 2008 in Jacksonville and in the Middle District of Florida.

Filings peaked in 2010 and have been dropping since.

 Filings in the 16-county Jacksonville Division peaked at an average of 953 a month in 2010 and have fallen to 721, based on January-September statistics. That’s an average of 232 fewer filings a month. “These numbers are not surprising,” said Jacksonville Bankruptcy Bar Association Chairman Mark Mitchell.

"They reflect the current status or trend of our economic recovery.” Mitchell, a shareholder with the Rogers Towers firm, said unemployment rates have fallen below 10 percent. Reports show that the rate is below 10 percent in the county, metropolitan area, state and nation.

If filings remain at the pace of the first nine months, bankruptcy filings could end 2012 in Jacksonville at 8,657, the lowest since 2008 and 24 percent below the record nine-month total of 11,439 in 2010.

Districtwide, the nine-month filings of 35,523 are the lowest since 2008 and 31 percent below the record 51,232 in 2010. If filings remain at the current rate, the district could end the year with 47,364 filings – again, the lowest since 2008 and 29 percent below the record of 66,618 in 2010. Lawyer Ed Jackson, a director of the association, said unemployment has fallen and Florida house values have increased slightly, citing a Zillow.com report that values rose from average of $123,000 in August 2011 to $126,000 in August this year. Zillow.com is an online real estate marketplace. “Although the economy is recovering slowly, it appears to be recovering.

The bankruptcy statistics are a reflection of the recovering economy,” said Jackson, of the Edward P. Jackson, P.A., practice. Dawn Lockhart, president and CEO of Family Foundations of Northeast Florida, said fewer bankruptcies are a positive sign. “Declining bankruptcy levels means that more people and businesses are coming out of our economic problems,” Lockhart said. “However, every bankruptcy means that a family or a business is in a financial crisis.

At Family Foundations, we know that bankruptcy is never an easy choice. Financial problems are one of the leading causes of stress,” she said. Family Foundations is a nonprofit that provides credit counseling and other services to consumers.

Bankruptcy records are public records

Bankruptcy court records are public documents. Bankruptcy pubic records are not covered by any privacy regulations, federal or state. No sensitive personal information is released to 3rd parties but they will learn the particulars regarding your bankruptcy case.

If you want to search for and/or receive bankruptcy records, there are a few ways to search for the information. Knowing the bankruptcy case number, assigned by the bankruptcy court, will always get you the data you want from any regular source.

Many databases will allow you to just enter the name of the individual or company to retrieve these records.

If someone wants to learn if you have previously been discharged, they can search bankruptcy filings to retrieve that information. You can know about discharge and retrieve information related to type of loans and creditor discharged, when was bankruptcy filed and discharged.

You can use the federal judiciary's service, or any number of websites that allow anyone to retrieve all public information surrounding personal or corporate bankruptcy records for a reasonable fee.

Who has access to my bankruptcy case file?

As bankruptcy cases are considered public records, any individual or business can review, demand, order your bankruptcy case file.

No Worries, No sensitive personal information is released to 3rd parties but they will learn the particulars regarding your bankruptcy case.

Knowing the bankruptcy case number, assigned by the bankruptcy court, one will always get your the data from any regular source for any individual or business.
 

What is bankruptcy discharge order?

The bankruptcy discharge order is an order issued by the court judge and it permanently prohibits creditors from taking action to collect dischargeable / discharged debts against the debtor personally;  this does not prevent secured creditors from seizing collateral if payments are not kept up, or other creditors from pursuing property of the estate.

The granting of a discharge does not automatically result in the closing of a case.  All contested matters, adversary proceedings, and appeals must be resolved and the appointed trustee or debtor-in-possession must file a final report and account and request entry of a final decree before the Clerk's Office will close the case.

How To Obtain Bankruptcy Discharge Papers for Free

How do I get the information on what is being paid to each creditor, after bankruptcy discharge? How do I get local records from federal court for dismissed bankruptcy judgements? I searched my paper work I searched online I want to know this info as it occurs so that I can keep track. This is info we are supposed to have access to, not on the state bankruptcy site or public records sites.

What is bankruptcy discharge and how does it help me?

What is bankruptcy discharge and how does it help me?

Debtors are usually able to discharge most or all of their debts. Once a debt is discharged, a creditor may not attempt to collect it from the debtor.

Do not have a copy of your bankruptcy discharge papers from the court? No problems, you can possess an exact copy of the original bankruptcy documents is readily available and you can have it in your possession within minutes of your order. Besides that, receiving bankruptcy discharge order will free you from your creditors. There are various services offer to retrieve copy of discharge papers, list of creditors, bankruptcy schedules,and complete bankruptcy papers.