Bankruptcy

Home » Glossary » Bankruptcy

Bankruptcy

When an individual or business can no longer pay their debts, filing for bankruptcy can help them recover. It is also intended to help creditors recover some or all of their money. Bankruptcy law is federal law and thus supersedes any state laws. Bankruptcy is not a state of being. It is a formal legal proceeding that can last from a few months to a few years. Bankruptcy starts when the individual or business files a petition with the bankruptcy court. During bankruptcy, the debtor must make a complete list of all creditors to whom he or she owes money, and these creditors must all be notified. There are multiple types of bankruptcy, depending on the financial state of the individual or company as well as the type of action. In some types of bankruptcy, assets are liquidated to pay off creditors, and any remaining debts are discharged. Other times, the court develops payment plans that fit within a debtor’s realistic financial situation.

OUR CUSTOMERS

On an everyday basis, Enformion has created a product for every investigator to use with ease...the customer service at Enformion has truly been an outstanding experience and mirrors exactly what should be received from a company that values its customers…

-Greg G., Private Investigator

Thank You for responding so quickly to my request for background and criminal records checks on a list of potential witnesses. You turned around my request in 24 hours and provided complete and thorough records for those individuals. Your bulk pricing option made it affordable…I will use your services again and intend to recommend you to my colleagues.

-Attorney-at-Law, Cleveland, OH

Finally a solution that makes it easier for corporate and private organizations to get to the information that they need to get the job done quickly and efficiently. Having used similar solutions since the very beginning of their entry into the market, I can tell you I've had the opportunity to utilize nearly all of the solutions available on the market. Simply put, Enformion has done what others have forgotten, create and deliver a solution with the end user in mind.

-John C., Security Operations Executive