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Finding the Right Bankruptcy Data with BEBdata
BEB Data: Leader Of The Market
Ever since the day BEB Data came into existence, we had only one objective in our minds. Our single goal was to bring the service that no one else could deliver with the experience and expertise that no one else yet possessed so that we see the day when we may become the leader of the market and, while doing so, build the trust with our customers so that each step we take is a step forward, never having to look or go back. With that being said, we can be at ease when we say that BEB Data has been leading this market with well over 40 years on experience on our hands. So if you’re someone who is looking to hire the best in the business when it comes to bankruptcy data compilation and expertise, BEB Data is the place to be. With hiring us as the organization to provide you the latest and up to date bankruptcy data, rest assured that you have placed the responsibility in the hands of people that know their job and know how to get it done in the most professional way possible.
BEB Data Provides You With The Most Accurate Bankruptcy Data
Here at BEB Data, we possess the latest material of bankruptcy list compilation and bankruptcy. By signing up for your very own account with us, we make sure that you get what you ask for i.e. the most up to date, reliable and accurate bankruptcy data that is available in the market. It may be noted that reliability should be of much concern when data of such caliber is the topic at hand. One should not leave room for even the slightest of a mistake. It may not be the case, but a simple error may just even cost you a lot of dollars. And trust us when we say this that it is not a good sight. Here at BEB Data, bankruptcy data is gathered on a daily basis from different courthouses placed nationwide. A lot of care and hard work goes into this process, just so we can get the most accurate information for our customers. Customer satisfaction is our top most priority, and that is something BEB Data will never compromise upon. So, if you’re someone who is looking for bankruptcy data, we are here to provide you with all the relevant information you need including filling dates, dismissals, discharges and much more.
Become A Part Of BEB Data Today
BEB Data is a group of individuals who are highly skilled and experience in what we do and bring a skill set of expertise to the table like non other. All our services are waiting to be availed by you to make your life easier. So why wait when you can register yourselves at BEB data today to get the most accurate bankruptcy data available.
CH 7 DISCHARGES TOP 10 States by Volume Sept 2016
Top 10 Chapter 7 Discharges by States – Find Bankruptcy Records with BEBdata
Top 10 states by volume for Chapter 7 Discharges from January 1, 2016 through September 30, 2016. Create your own charts and graphs by using our BEBdata Resource Center.
What Happens to Student Loans in Bankruptcy?
In most instances, the obligation remains to repay student loans despite filing Chapter 7 or Chapter 13 bankruptcy.
During a bankruptcy case, the debtor is exempt from collection on the student loan, this is called an Automatic Stay. The automatic stay immediately goes into effect upon the filing of the bankruptcy petition and prevents collectors from taking any action against the debtor to collect.
Interest continues to build, even during a pending bankruptcy. As a result, the ultimate balance for a student loan is higher with additional interest. In some situations, the interest on the loan may be excused. The type of bankruptcy filed combined with other factors determine whether interest is forgiven. Chapter 7 and Chapter 13 bankruptcies treat student loans differently.
In a Chapter 7 bankruptcy, a debtor’s assets are sold, and debts are paid from sales proceeds in accordance with a priority system of seniority. The priority scheme is set in the bankruptcy code and based upon the order of liens, rather than preferences of the debtor. The most senior debts may be the only debts repaid due to the larger number of debts compared to asset sale proceeds. Student loans are often classified as senior debts and are paid in first priority.
In Chapter 13, debtors enter into a reorganization plan and make payments over several years to repay a percentage of total debts. The Chapter 13 plan establishes new terms for the repayment of debts, and lenders must consent to the plan’s terms. While a complete discharge of a student loan is nearly impossible, it is probable that the loan will be restructured through the bankruptcy plan, and the borrower’s payments each month will be lowered to a more affordable sum.
While it would be nice to have Chapter 7 or 13 bankruptcy eliminate outstanding student loan debt, total discharge of that debt seldom occurs. More often, student loans are paid first as senior debts or paid through installments in Chapter 13.
*from a recent blog at attorneys.com
Find Bankruptcy Data
Our Bankruptcy file provides robust and comprehensive data including the most current data available combined with rich history as our records date back to 2002. We compile our database, which is over 20 million records today and contains a wide array of information such as filing dates, dismissals, discharges, Chapter 7 and Chapter 13.
Finding Bankruptcy Records with BEBdata
BEB Data
BEB Data had its parent branch found in the year 1949, and since then has been the leading organization when it comes to having the best services and expertise in bankruptcy records compilation having its very own bankruptcy database with genuine and up to date, reliable bankruptcy records. Currently situated in the Mid-Town / Museum District of Houston, TX, BEB Data has its very own corporate offices established along with 15,000 square ft. of operations facility. With signing up for our services here at BEB Data, rest assured that you are in the safest hands of some of the well-known experts that are willing to provide some of the finest services when it comes to the bankruptcy records.
BEB Data & Our Expertise In Bankruptcy Records
Are you someone who is looking for or, in fact, in need to have the latest and up to date bankruptcy records? You have to look no further as you have come to the right place. Here at BEB Data, we have people that not only know how to get the job done, but get it done professionally without leaving the room for an error or mistake. One might ask that how can we be so sure about our services. Well, it is always the case that factual data tends to stand out more against just a paragraph filled information that is literally someone just bragging about how good they are in the services they provide. Let us be in the one to fill you in on the fact that, here at BEB Data, our database as of today holds over 20 million bankruptcy records and these numbers only seem to get higher each and every day as we speak. Here at BEB Data, us being a team of highly skilled professionals with experience and expertise in data compilation of bankruptcy records highly contributes to the fact that these 20 million bankruptcy records stored in our database are highly accurate, reliable and up to date to be used by anyone who is, in fact, looking to receive the most accurate and latest bankruptcy records available out there.
Why The Wait? Sign Up Now At BEB Data!
With all that being said, there is not really much left for you to do. As an organization that is aiming to continue to lead the market, it is our objective to bring ease to our customers. Therefore, we strive to make this process as easy for our customers as just having to fill out a sign up form to have your very own account created at BEB Data. Let us know what you need and leave the hard part of it all to us. We, here at BEB Data, promise to deliver you with the latest, up to date, accurate and reliable bankruptcy records.
September 2016 QR Code
Have you scanned your September QR Code from BEB-Business Extension Bureau’s 2016 calendar yet?
We have a fun message for you!
You can also click here to see it!
Labor Day 2016
In observance of Labor Day, BEBdata will be closed on Monday, September 5, 2016
We will open again on Tuesday, September 6, 2016
Please note: Due to the holiday, our weekly hotline will be available at the end of day on the 6th
As always, our count and order system is available 24/7
We hope that you and your loved ones have a safe and happy Labor Day holiday.
Bankruptcy Filings Forecast
Bankruptcy Filings Forecast
What is Bankruptcy Forecast?
Bankruptcy forecast or a prediction is an art that involves the prediction of bankruptcy and various measures of financial distress which public firms may be expected to face in the near future. This complex data analysis involves vast research of finance and accounting.
One of the most popular models for bankruptcy prediction was published by Edward I Altman in 1968 and was known as the Z-score formula for predicting bankruptcy. The Z-score formula uses balance sheet values as well as multiple corporate incomes to get a picture of the financial health of any company and thus helps in predicting the probability of a firm filing bankruptcy within two years.
What affects Bankruptcy?
Fitch’s rating report projects 2016 bankruptcy filings to reduce by 6 – 8% from levels which were observed in 2015. Recession and other negative income shocks and various economic and institutional factors have contributed to the rise in bankruptcy filings. The level of filings is hence, driven by many elements including unemployment, housing environment, consumer indebtedness and interest rate to name a few. This overall decline in the filing of bankruptcy statistics can be supported by the sustained growth of jobs and low jobless claims.
Bankruptcy Filing Statistics
Accountants and economists have been making bankruptcy forecasts for decades. In the United States, personal bankruptcy filings as per the bankruptcy records have had a dynamic history. During the first half of the 20th century, bankruptcy filings averaged 0.15 per 1000 people. Its average annual growth rate subsequently was 2.4 percent. The growth rate of bankruptcies increased during the 1960s, and since 1980, the growth has increased dramatically growing at an average rate of 7.7 percent per year till 2004. Since then the filing rate has been 5.3 per 1000 people.
BEBData is a 40 year old veteran leader in the field of bankruptcy data compilation and a bankruptcy database of over 20 million records. Our accurate and up-to-date bankruptcy list allows us access to information regarding filing dates, discharges and dismissals. With our years of expertise and support, our clients can identify highly responsive bankruptcy leads to help them grow.
Subprime Credit Lines Increased for the First Time in 3 Years
Historical Bankruptcy Filings in the United States
Bankruptcy cases, in the United States, are filed in the United States Bankruptcy Courts with federal law governing procedures in these cases. The bankruptcy lists and the bankruptcy statistics are maintained by the courts and are available for public viewing.
A look at the biggest Chapter 11 filings in the history of the United States
Here are the top five bankruptcies in the history of the country.
- Lehman Brothers Holdings, the highly reputed Wall Street investment firm, was forced to file for bankruptcy protection in September 2008. This was the largest corporate filing in the history of the bankruptcy court as a result of which the company had to sell its North American investment banking and trading businesses as well as its New York City headquarters to the British bank, Barclays.
- In 2008, mortgage crisis as well as the recession forced Washington Mutual to file for bankruptcy. This led to a drop in the company’s stock which had assets worth nearly $328 billion at that time. Amidst fears of insolvency, nearly $16.7 billion was withdrawn by its customers, leading to it filing for bankruptcy protection.
- WorldCom, was once the second largest long-distance telecom in the United States. In 2002, it had to file for bankruptcy after it was caught in the middle of an accounting fraud scandal to the tune of $11 billion.
- General Motors Company, the automotive giant, which had assets worth about $90 billion, had to file for bankruptcy in 2009. The reputed car manufacturing company managed to jump back on its feet only after a bailout agreement with the US government.
- CIT, the New-York based financial institution, had to file for bankruptcy in 2009 after getting hit by the credit crisis. It had assets worth $80 billion dollar before it went bankrupt and had to be bailed out by the US government with Troubled Asset Relief Program (TARP) funds.
BEBdata, experts in the field of bankruptcy data collection, are the most trusted and reputed company for accurate and up-to-date bankruptcy records of companies and individuals spread across the length and breadth of the United States. We have at our disposal over 20 million bankruptcy records in our bankruptcy database and are in the best position to provide you highly reliable bankruptcy leads. With data gathered from courthouses nationwide on a daily basis, we ensure accurate bankruptcy data for our clients.