Bankruptcy Records Scrub

Bankruptcy Records Scrubs with Enformion

Bankruptcy records can make debt collection efforts much more complicated. Enformion can help simplify the process.

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Bankruptcy Records Scrubs

When you’re going through collections records, one of the first things you want to do is determine who in those records recently filed for bankruptcy. If an individual filed for bankruptcy, you can’t collect on it in traditional ways. There is no reason to spend a lot of time and money searching for an individual who has filed for bankruptcy.

Enformion’s bankruptcy records scrub will help you go through your records quickly and automatically update them to make sure you know who’s had a bankruptcy and who hasn’t.

Enformion’s detailed bankruptcy record scrub process returns all the data you require to validate an individual’s bankruptcy, including:

  • Case number, BK status date, chapter, closing date
  • Disposition-Dismissed-Discharged
  • Assets
  • Attorney name, address and phone number
  • Court name and address
  • And more

Enformion can also help to identify Public Record data for special handling teams including:

  • Bankruptcies
  • Judgments
  • Liens
  • Deceased records



    Keep Your Records Up-to-Date

    In general, keeping your records up-to-date is an important part of the collections industry. If you don’t have the most current records, you won’t be able to get in touch with someone, and you might not even know if you’re reaching out to the right person. Bankruptcies are an important part of your records, which means you need to keep that information up-to-date as well.

    • A bankruptcy filing must be quickly recognized by your organization. If your information is many months out of date, you might not even know that someone’s filed for bankruptcy.
    • It’s important that you always get the most current information so you can pursue clients with complete confidence.
    • Because Enformion keeps its records up-to-date through the use of over 6,000 data sources, you don’t have to worry about having out-of-date records.

    Follow a Record Through the Bankruptcy Process

    From start to finish, individuals go through a number of different steps when it comes to bankruptcy. These steps also have to do with whether or not you can collect on a debt or even contact an individual about a debt. You need to know where an individual is in the bankruptcy process, and then keep tabs on them in case that process changes.

    • Getting current information about someone will help you understand more about how to collect a debt.
    • A bankruptcy records scrub is a great way to keep your attention on whether someone has gone through bankruptcy in the past, but you need to know more about them right now.
    • To make sure you stay up-to-date about your clients’ bankruptcy processes, it’s vital that you use continuous monitoring through Enformion.

    Mitigating Risk and Maximizing Profit

    Every business wants to make sure they’re taking on as little risk as possible while also maximizing their profits. Collections agencies need to make sure they’re working on an efficient but legal system to process all their clients. Enformion gives you the tools you need to make sure you’re keeping risk low and profits high.

    • You’re wasting money if you put manual time and effort into your file processing, when you could instead be using that time to contact clients.
    • Maximizing profits means using all the tools at your disposal, including automated tools.
    • With bankruptcy records scrubs and other vital collections tools, Enformion will let you process your files and act on them in a timely manner.



    The State of Third-Party Collections 2019: Challenges, Trends and Innovations


    The State of Third-Party Collections 2019: Challenges, Trends and Innovations


    The State of Third-Party Collections 2019: Challenges, Trends and Innovations


    The State of Third-Party Collections 2019: Challenges, Trends and Innovations

    Talk with a specialist today to learn how Enformion can help to customize a solution that’s right for you.

    Call us at 1-855-281-3915, or via online today.