Archive for 2016

BankruptcyWatch, a SaaS solution for automating bankruptcy work, announced this week that Lenders and Servicers now have the ability to automate virtually all of their bankruptcy workflow steps as a result of their newly enhanced filing notifications and PACER API. “We saw that our clients and others in bankruptcy collections needed to immediately and electronically understand the full picture of each newly filed bankruptcy,” said Lance Wickham, CEO at BankruptcyWatch. “Organizations usually need more information than is typically available from notifications in order to appropriately react. We make that information available in a format that allows BankruptcyWatch clients to skip all of the manual legwork - including downloading and reading documents - and go straight to making decisions. This saves an enormous amount of time and resources required to manually research each case.”

Many BankruptcyWatch clients have already moved completely away from using PACER. These enhanced notifications allow companies to further reduce, and in many cases completely eliminate, the mind-share that is required to deal with new bankruptcies. “In 2017, we expect our clients to move completely beyond the concept of individual bankruptcy notifications. Imagine arriving at work and seeing a single notification that your company’s bankruptcy work has already been completed for the day. That’s now possible with BankruptcyWatch.” said Wickham.

Main benefits of this enhanced product:

Increased Staff Efficiency. Cut payroll costs and shift the focus to making sound decisions instead of mindlessly entering data or wasting time searching for documents in each case.
Reduced Risk. Because the data is electronically gathered directly from the court system using the BankruptcyWatch PACER API, there is less risk of staff missing an important detail or making a mistake in the data entry process.
Customizable Data. With literally thousands of available data points, BankruptcyWatch makes the relevant information easily accessible in every case.
Multiple Notification Methods. BankruptcyWatch clients can now receive notifications and data via API call and text message (SMS) in addition to the industry standard email method. This allows for automated file updating and workflow advancement as well as more instant reactions by agents in the field.

To learn more about BankruptcyWatch’s industry-leading bankruptcy scrub and monitoring system, visit www.BankruptcyWatch.com, email
Sales@BankruptcyWatch.com or call 888-895-1328.

BankruptcyWatch announces their PACER.gov monitoring tool called PacerUpTime.com. PacerUpTime.com allows any organization or individual to track the current and prior status of federal bankruptcy court website availability. PACER.gov is the US government’s electronic court records repository and consists of data from 94 different court districts. Because PACER.gov pulls from so many sources, it is surprisingly common for one or more data sources to be unavailable at any given time. “Not knowing if a particular district is at fault or some other problem prohibits access to certain bankruptcy courts can be a real challenge for organizations such as banks, loan servicing companies and underwriters.”, says Jonathan Turkanis, VP - Software Architecture. This is especially true if those organizations utilize automated means of access to PACER information such as the BankruptcyWatch PACER API. PacerUpTime.com tracks the availability of all 94 of the federal bankruptcy court websites.

Many organizations across the country have thousands of employees trained to use and interact with the PACER court systems. When court websites go down, it wreaks havoc on their operations. Lance Wickham, President of BankruptcyWatch said, “This new tool is enormously convenient for our users, and anyone else to easily figure out if a specific court is down at any given time.” He says “Since BankruptcyWatch is essentially automating entire bankruptcy departments, it’s important for our clients to quickly determine the courts' status so they can take proper steps to minimize any issues that may cause.” Adding that “Until now, the go-to source for information was a phone call to PACER which often means waiting on hold for long periods of time and getting only limited information from the support agents.”

PacerUpTime.com provides some unique elements including a quick and easy overview of every district as well as a more in-depth view that helps users understhand the severity and type of issue the system is experiencing.

BankruptcyWatch is the industry leader in providing automated access to bankruptcy court data, including information contained inside PDF documents. For more information on how to automate your bankruptcy department or how PacerUpTime.com works, email Sales@BankruptcyWatch.com, visitwww.BankruptcyWatch.com or call 888-895-1328.

BankruptcyWatch Releases Enhanced Bankruptcy Scrubs & Monitoring

Main benefits of this enhanced product:

Announcing PacerUpTime.com