tag:blogger.com,1999:blog-74181563768010882032024-03-05T23:07:51.925-07:00BankruptcyWatchUnknownnoreply@blogger.comBlogger12125tag:blogger.com,1999:blog-7418156376801088203.post-22728357274959417522020-09-17T14:50:00.007-06:002020-09-17T14:58:16.700-06:00<p> </p><div style="text-align: center;"><a href="https://1.bp.blogspot.com/-gFtgJJiiz1c/X2PNEFx1YkI/AAAAAAAAAwc/MjU2eLzFB7QzcQWvJMLmock9_krAi_xbQCLcBGAsYHQ/s4459/logo%2B-%2Bside%2Bby%2Bside%2BBKW%2Bleft.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="705" data-original-width="4459" height="89" src="https://1.bp.blogspot.com/-gFtgJJiiz1c/X2PNEFx1YkI/AAAAAAAAAwc/MjU2eLzFB7QzcQWvJMLmock9_krAi_xbQCLcBGAsYHQ/w558-h89/logo%2B-%2Bside%2Bby%2Bside%2BBKW%2Bleft.png" width="558" /></a></div><br />Webinar Now Available!<br /> <a href="https://bankruptcy.webinarninja.com/automated-webinars/11828/register">Link: WATCH WEBINAR</a><br /><br />BankruptcyWatch & Simplicity Collect had an informative webinar this week! Attendance was great and the presentation really helped explain how your Bankruptcy process can be automated and managed to limit losses and increase revenue.<br /><br />If you missed this webinar, you can watch the free recording now by using this link:<a href="https://bankruptcy.webinarninja.com/automated-webinars/11828/register"> WATCH WEBINAR</a><br /><br /><br />See how BankruptcyWatch can help you improve your bankruptcy management today!<br />Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-7418156376801088203.post-32433281897224778402020-09-03T13:38:00.000-06:002020-09-03T13:38:03.194-06:00<p> <br id="docs-internal-guid-d0f6a277-7fff-6e1c-c662-3210559dccfe" /></p><p dir="ltr" style="line-height: 1.3800000000000001; margin-bottom: 0pt; margin-top: 0pt; text-align: center;"><span style="background-color: transparent; color: black; font-family: Arial; font-size: 11pt; font-style: normal; font-variant: normal; font-weight: 700; text-decoration: none; vertical-align: baseline; white-space: pre-wrap; white-space: pre;"></span></p><div class="separator" style="clear: both; text-align: center;"><a href="https://1.bp.blogspot.com/-Zy0rQ8AUYwk/X1FEUnmnLFI/AAAAAAAAArg/xDA7HSFwXgYzwjco41X32WmDjfqrF7gJQCLcBGAsYHQ/s2992/BKWlogo%2BBIG.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="1051" data-original-width="2992" src="https://1.bp.blogspot.com/-Zy0rQ8AUYwk/X1FEUnmnLFI/AAAAAAAAArg/xDA7HSFwXgYzwjco41X32WmDjfqrF7gJQCLcBGAsYHQ/s320/BKWlogo%2BBIG.jpg" width="320" /></a></div><p></p><div style="text-align: center;"><h2><b>BankruptcyWatch Welcomes a New Team Member!</b></h2><br /><div style="text-align: left;">Ryan Gustafson has joined BankruptcyWatch as associate products manager. BankruptcyWatch is advancing rapidly, and as a result, new and innovative people continue to be needed. Ryan Gustafson has joined the team and brings an impressive array of talent along with him. <br /><br />As a Berkeley graduate of Electrical Engineering in Computer Science, Ryan has a valuable perspective on the intricacies of a project. Big picture thinking is a key component of computer science, and it also applies to project management. From planning to rollout, a great engineering perspective is invaluable. With many great bankruptcy management tools already in place, and many more being developed, an associate products manager like Ryan is great to have onboard to help develop and manage new products. <br /><br />Among his impressive accomplishments, Ryan developed an optimized drop off and pick up program for the company Lyft, and developed a student review program for peer feedback. <br /><br />Ryan also has a passion for sharing his experience with others and enjoyed his time mentoring other students in computer science while at Berkeley. <br /><br />Ryan also appreciates the value of taking time to go to the lake or go for a mountain bike ride. <br /><br />BankruptcyWatch looks forward to having Ryan share his talents and carry some great ideas forward as an assistant project manager. <br /><br /><br />BankruptcyWatch is becoming an integral part of the lending industry by making it possible for lenders, large and small, with their industry-first tools that help lenders more efficiently detect and automatically process all of their responses to any part of a bankruptcy case. This cutting-edge automation also helps lenders easily obtain a more comprehensive picture of the financial status of their client or potential client thereby promoting efficient and effective decision-making through the lending process. While tracking bankruptcy filings is not new, converting those filings from a cost to a profit center for your company is easier than ever before.<br /><br /><br />To learn more about how BankruptcyWatch can help your organization, email sales@BankruptcyWatch.com, visit BankruptcyWatch.com or call 888-895-1328.</div></div>Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-7418156376801088203.post-1569189714900615262020-05-28T15:52:00.000-06:002020-05-28T16:04:06.099-06:00<br />
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Nortridge and Bankruptcy Webinar Report</h2>
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Nortridge and Bankruptcy watch are forging ahead with their new software integration. This integration revolutionizes the bankruptcy process and can generate new revenue all while staying inside of NLS. This newly released feature transforms your bankruptcies into an automated profit machine.<br />
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Two exciting webinars have been held to date with more in-depth support planned as users begin implementing the Bankruptcywatch plug-in.<br />
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In these webinars, the President at BankruptcyWatch, Lance Wickham, covered:<br />
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-The immediate and long term bankruptcy outlook as the economy enters recovery mode following COVID-19 <br />
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-A High-level overview of how you can now use NLS to reduce your legal and financial exposure in bankruptcy filings. <br />
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Regarding the bankruptcy outlook, Lance Wickam shared this trend chart prepared by using advanced Bankruptcywatch software showing 2019 bankruptcies compared to 2020 bankruptcies as well as likely future projections:<br />
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Clearly challenging times have been predicted, and Bankruptcywatch is ahead of the curve looking out for you.<br />
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Regarding 3 different ways to generate revenue from bankruptcies, Lance explained how the Bankruptcywatch plugin can accomplish as it will: <br />
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-Automate case management <br />
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When it comes to reducing your legal and financial exposure in bankruptcy filings, Bankruptcywatch is amazing at giving you the tools you need to detect a filing. With new filings daily, staying current is paramount for your success. Once detected, it is now time to determine the best response. It’s important to know you have choices at this point as many companies just drop the case and write off the loss. You can now consider your options to pursue collection leading to revenue, and Bankruptcywatch can help you automate the case management.<br />
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We are always planning for the next steps, stay tuned for more information as developments continue to roll out!<br />
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To Setup an Account Visit: BankruptcyWatch.com/Nortridge or call (888) 895-1328Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-7418156376801088203.post-9211411406335070012020-04-09T13:04:00.002-06:002020-05-28T16:06:44.347-06:00<br /> <br /><br /><br /><br /><br /><br /><div style="text-align: center;">
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Jon Murphy joins the team!</h2>
<br />We are pleased to welcome our new sales director to help with the growth and expansion of BankruptcyWatch. Jon brings a helpful background to the bankruptcy scene with experience as an account executive in the mortgage industry, and experience serving in the Coast Guard as a training & education system financial manager. Jon earned a degree in business administration management with his degree being presented by United States President Bill Clinton. <br /><br />Jon also has experience as a Service Manager for Cintas where he was responsible for over 1000 customer accounts and $90,000+ in weekly revenue ($4.6 M Annual). He was also fleet Manager for a 45 truck fleet, which included oversight for safety, preventative maintenance, and budget.<br /><br />While working hard, Jon also appreciates taking time for the good things in life. He opened and operates the first Irish Pub in Puerto Vallarta, Mexico where friends and family can gather to enjoy traditional Irish food, fun, and culture.<br /><br />Jon knows how to give back to his community. He is an active member of the American Legion and an active member of the Navy League of the United States.<br /><br />Jon is ready for a new opportunity and Bankruptcy Watch is a natural fit.<br /><br />BankruptcyWatch is becoming an integral part of the lending industry by making it possible for lenders, large and small, with their industry-first tools that help lenders more efficiently detect and automatically process all of their responses to any part of a bankruptcy case. This cutting-edge automation also helps lenders easily obtain a more comprehensive picture of the financial status of their client or potential client thereby promoting efficient and effective decision-making through the lending process. While tracking bankruptcy filings is not new, converting those filings from a cost to a profit center for your company is easier than ever before.<br /><br />Such unique and powerful software calls for great representation.<br /><br />Jon can help current and potential clients meet and exceed expectations for their bankruptcy department.<br /><br />To learn more about how BankruptcyWatch can help your organization, email jon.murphy@BankruptcyWatch.com, visit<a href="http://www.bankruptcywatch.com/"> www.BankruptcyWatch.com</a> or call (888) 895-1328.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-7418156376801088203.post-7257552075549042262019-01-15T12:57:00.000-07:002020-05-28T16:08:13.660-06:00<br /><br /><div style="text-align: center;">
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BankruptcyWatch and Infinity Unveil </h2>
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Fully Integrated Bankruptcy Monitoring</h2>
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<br />Salt Lake City, UT January 15, 2019 – BankruptcyWatch and Infinity have implemented a consumer bankruptcy monitoring tool as part of their ongoing and expanding collaborative partnership. This feature is now accessible to all Infinity clients and gives them automated access to filing data that further increases the benefits already offered to them through Infinity’s excellent software platform. <br /><br />This means that Infinity’s current users, large and small, can now automatically receive and process bankruptcy information the moment a debtor or applicant files bankruptcy. Infinity clients have complete control over the bankruptcy monitoring process and the added freedom created by automation. <br /><br />Since <a href="https://www.bankruptcywatch.com/">BankruptcyWatch</a> supplies Consumer Monitoring data directly through Infinity’s platform, Infinity users save time by having two great services easily integrated in one place. This service is an expansion of the live-check feature that was implemented over a year ago. This enables Lenders to easily and effortlessly monitor the debtor’s status.<br /><br />“This service is yet another layer of value that we provide to help lenders increase collections while simultaneously reducing risk and potentially convert a loss into something profitable,” said Lance Wickham, President of BankruptcyWatch.<br />
<br />Jennifer Klein with <a href="http://infinityels.com/">Infinity</a>, emphasized that “in this age of big data and analytics, it is important that we provide the latest tools and the most comprehensive information available in real-time. We do this always with an eye towards offering better strategic opportunities and higher value proposition to our clients’ business.”<br /><br />Wickham added that “integrating Consumer bankruptcy Monitoring directly into the Infinity platform gives their clients easy access to the most comprehensive bankruptcy monitoring and research tools on the market today.”<br /><br />Some of the major benefits Infinity users will get out of Consumer Monitoring include:<br /><br />An easy setup that takes less than 5 minutes to complete. <br /><br />Instant notifications when a debtor files a new bankruptcy case. <br /><br />Avoid legal exposure by knowing precisely when to stop collections activities. This keeps lenders from accidentally violating the automatic stay. <br /><br />Easily obtain a more comprehensive picture of the financial status of the client and potential client thereby promoting an efficient and effective decision-making. <br /><br />BankruptcyWatch and Infinity have provided hundreds of thousands of live and accurate bankruptcy reports to their users. Infinity provides the industry’s leading technology platform with the most comprehensive set of loan products, mobile technology, advanced reporting, analytics, marketing automation, flexible underwriting, streamlined collections, etc.<br /><br />To learn more about how BankruptcyWatch can help your organization, visit<a href="http://www.bankruptcywatch.com/infinity"> BankruptcyWatch.com/Infinity</a>, email jon.murphy@BankruptcyWatch.com, or call 1-888-895-1328.<br /><br />For more information about Infinity’s lending software services, email sales@infinityels.com, visit Infinityels.com or call them at 1-866-729-3682.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-7418156376801088203.post-68153277923000345202018-06-28T09:31:00.000-06:002018-06-28T09:31:37.079-06:00BankruptcyWatch & Infinity Partner Up For Improved Collectability<div dir="ltr" style="line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt;">
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<span id="docs-internal-guid-b49541be-4355-a2ea-de6b-156ad4d07e3b"><span style="font-family: "arial"; font-size: 11pt; vertical-align: baseline; white-space: pre-wrap;">Salt Lake City, UT (June 28, 2018)</span></span></div>
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<span style="color: black;"><span style="background-color: transparent; font-family: "arial"; font-size: 11pt; font-style: normal; font-variant: normal; font-weight: 400; text-decoration: underline; vertical-align: baseline; white-space: pre-wrap;"><a href="https://www.bankruptcywatch.com/" style="text-decoration: none;">BankruptcyWatch</a></span><span style="background-color: transparent; font-family: "arial"; font-size: 11pt; font-style: normal; font-variant: normal; font-weight: 400; text-decoration: none; vertical-align: baseline; white-space: pre-wrap;">, a leading bankruptcy data, and monitoring service, recently signed a joint partnership agreement with Infinity, an all-inclusive loan solutions platform. </span></span></div>
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<span style="background-color: transparent; font-family: "arial"; font-size: 11pt; font-style: normal; font-variant: normal; font-weight: 400; text-decoration: none; vertical-align: baseline; white-space: pre-wrap;">The partnership is aimed at further boosting </span><a href="http://infinityels.com/" style="text-decoration: none;"><span style="background-color: transparent; font-family: "arial"; font-size: 11pt; font-style: normal; font-variant: normal; font-weight: 400; text-decoration: underline; vertical-align: baseline; white-space: pre-wrap;">Infinity’s</span></a><span style="background-color: transparent; font-family: "arial"; font-size: 11pt; font-style: normal; font-variant: normal; font-weight: 400; text-decoration: none; vertical-align: baseline; white-space: pre-wrap;"> state of the art lending software system which helps lenders (primarily payday and short-term lenders) obtain a fast, comprehensive and accurate information about loan applications.</span></div>
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<span style="background-color: transparent; font-family: "arial"; font-size: 11pt; font-style: normal; font-variant: normal; font-weight: 400; text-decoration: none; vertical-align: baseline; white-space: pre-wrap;">As a result of this joint effort, Infinity users no longer need to waste time dealing with the bankruptcy court when processing applications. BankruptcyWatch now provides Infinity with seamless, embedded and real-time bankruptcy information directly from the court database.</span></div>
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<span style="background-color: transparent; font-family: "arial"; font-size: 11pt; font-style: normal; font-variant: normal; font-weight: 400; text-decoration: none; vertical-align: baseline; white-space: pre-wrap;">“This new data capability benefits Infinity users because they now get live-access to bankruptcy information and perform instant bankruptcy checks resulting in a faster, more reliable and accurate decisions when processing loan applications or collecting on a potentially bankrupt debt,” said Lance Wickham, President of BankruptcyWatch.</span></div>
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<span style="background-color: transparent; font-family: "arial"; font-size: 11pt; font-style: normal; font-variant: normal; font-weight: 400; text-decoration: none; vertical-align: baseline; white-space: pre-wrap;">Jennifer Klein, Support Manager at Infinity, added that the integration with BankruptcyWatch “adds an important new layer of service to the solutions we provide our clients.”</span></div>
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<span style="background-color: transparent; font-family: "arial"; font-size: 11pt; font-style: normal; font-variant: normal; font-weight: 400; text-decoration: none; vertical-align: baseline; white-space: pre-wrap;">Infinity offers a host of services focusing on short-term, long-term, title and other types of lending. Their clients include lenders of all sizes who want an all-inclusive fast, and hassle-free underwriting and loan management experience.</span></div>
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<span style="background-color: transparent; font-family: "arial"; font-size: 11pt; font-style: normal; font-variant: normal; font-weight: 400; text-decoration: none; vertical-align: baseline; white-space: pre-wrap;">Wickham noted that the partnership is a perfect alignment of values since both “BankruptcyWatch and Infinity are committed to providing clients the solutions they need to remain compliant, give superior customer service and enhance their bottom line.”</span></div>
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<span style="background-color: transparent; font-family: "arial"; font-size: 11pt; font-style: normal; font-variant: normal; font-weight: 400; text-decoration: none; vertical-align: baseline; white-space: pre-wrap;">BankruptcyWatch offers a comprehensive, live and accurate bankruptcy data and monitoring service to clients. Infinity’s software solution, meanwhile, covers services such as loan reporting and analysis, marketing, loan payment processing, collection, email and text messaging among others.</span></div>
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<span style="background-color: transparent; font-family: "arial"; font-size: 11pt; font-style: normal; font-variant: normal; font-weight: 400; text-decoration: none; vertical-align: baseline; white-space: pre-wrap;">The main benefits of this new partnership at a glance include:</span></div>
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<span style="background-color: transparent; font-family: "arial"; font-size: 11pt; font-style: normal; font-variant: normal; font-weight: 400; text-decoration: none; vertical-align: baseline; white-space: pre-wrap;">Instant bankruptcy check saving clients time and money</span></div>
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<span style="background-color: transparent; font-family: "arial"; font-size: 11pt; font-style: normal; font-variant: normal; font-weight: 400; text-decoration: none; vertical-align: baseline; white-space: pre-wrap;">Bankruptcy checks both before lending and while servicing loans</span></div>
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<span style="background-color: transparent; font-family: "arial"; font-size: 11pt; font-style: normal; font-variant: normal; font-weight: 400; text-decoration: none; vertical-align: baseline; white-space: pre-wrap;">Receive and process information around the clock (brick and mortar and online)</span></div>
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<span style="background-color: transparent; font-family: "arial"; font-size: 11pt; font-style: normal; font-variant: normal; font-weight: 400; text-decoration: none; vertical-align: baseline; white-space: pre-wrap;">Faster loan processing and increased loan term competitiveness</span></div>
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<span style="background-color: white; font-family: "arial"; font-size: 11pt; font-style: normal; font-variant: normal; font-weight: 400; text-decoration: none; vertical-align: baseline; white-space: pre-wrap;">To learn more about how BankruptcyWatch can help your organization, email </span><a href="mailto:sales@BankruptcyWatch.com" style="text-decoration: none;"><span style="background-color: white; font-family: "arial"; font-size: 11pt; font-style: normal; font-variant: normal; font-weight: 400; text-decoration: underline; vertical-align: baseline; white-space: pre-wrap;">sales@BankruptcyWatch.com</span></a><span style="background-color: white; font-family: "arial"; font-size: 11pt; font-style: normal; font-variant: normal; font-weight: 400; text-decoration: none; vertical-align: baseline; white-space: pre-wrap;">, visit </span><a href="http://www.bankruptcywatch.com/" style="text-decoration: none;"><span style="background-color: transparent; font-family: "arial"; font-size: 11pt; font-style: normal; font-variant: normal; font-weight: 400; text-decoration: none; vertical-align: baseline; white-space: pre-wrap;">BankruptcyWatch.com</span></a><span style="background-color: white; font-family: "arial"; font-size: 11pt; font-style: normal; font-variant: normal; font-weight: 400; text-decoration: none; vertical-align: baseline; white-space: pre-wrap;"> or call them at 1-888-895-1328.</span></div>
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<span style="background-color: white; font-family: "arial"; font-size: 11pt; font-style: normal; font-variant: normal; font-weight: 400; text-decoration: none; vertical-align: baseline; white-space: pre-wrap;">For more information about Infinity’s lending software services, email </span><a href="mailto:sales@infinityels.com" style="text-decoration: none;"><span style="background-color: white; font-family: "arial"; font-size: 11pt; font-style: normal; font-variant: normal; font-weight: 400; text-decoration: underline; vertical-align: baseline; white-space: pre-wrap;">sales@infinityels.com</span></a><span style="background-color: white; font-family: "arial"; font-size: 11pt; font-style: normal; font-variant: normal; font-weight: 400; text-decoration: none; vertical-align: baseline; white-space: pre-wrap;">, visit Infinityels.com or call them at 1-866-792-3682.</span></div>
Unknownnoreply@blogger.comtag:blogger.com,1999:blog-7418156376801088203.post-31201909670913766782018-01-16T06:30:00.000-07:002018-01-16T06:30:04.377-07:00ZipReports and BankruptcyWatch Team Up To Enhance Tenant & HR Screening Services<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhL-ErPbZCuDJ1MeZqGFF-c6WO8EWPHUsDaGpPvrMU42h8zz1wuOHwdjWZYemJQ_HR_4cYgBgwrDSB9rOKDsFNMt0c2YX7NBksqzY356ZVM-HfrhxORbelA5JeyLTK4xKtPkBDQINokFKM/s1600/BKW-ZIP-LinkedIn.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="272" data-original-width="520" height="167" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhL-ErPbZCuDJ1MeZqGFF-c6WO8EWPHUsDaGpPvrMU42h8zz1wuOHwdjWZYemJQ_HR_4cYgBgwrDSB9rOKDsFNMt0c2YX7NBksqzY356ZVM-HfrhxORbelA5JeyLTK4xKtPkBDQINokFKM/s320/BKW-ZIP-LinkedIn.jpg" width="320" /></a></div>
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Salt Lake City, UT (January 16, 2018)<br />
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<a href="http://www.bankruptcywatch.com/">BankruptcyWatch</a> & ZipReports are pleased to announce that they have come together to incorporate live bankruptcy data into tenant and employment screening reports.<br />
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This addition to ZipReports is aimed at improving access to bankruptcy court information for landlords and employers alike. One of the primary goals is to provide faster, more reliable and accurate reporting to those who need bankruptcy data to make decisions and for ongoing monitoring.<br />
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BankruptcyWatch is a leading bankruptcy data provider and ZipReports is a popular tenant and employee screening service based in California. <br />
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“We are pleased to offer our premiere integrated and comprehensive bankruptcy data service to ZipReports. This partnership will streamline the process and allow ZipReports clients to be confident that their bankruptcy information is current and accurate,” said Lance Wickham, President of BankruptcyWatch.<br />
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Payam Rezan, President of ZipReports, noted that the joint effort with BankruptcyWatch “adds value to the array of services we provide to clients because of the automated and accurate bankruptcy data reporting.” <br />
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Rezan believes the initiative will save employers and landlords time and effort. It also allows them further clarity into the financial track record of candidates and prospects.<br />
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Rezan noted that with the increased costs and procedures required, it is becoming harder to obtain a credit report. With BankruptcyWatch as a partner, ZipReports clients can now collect bankruptcy information in real time without being required to order a credit report.<br />
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Fast and accurate bankruptcy reporting is important not only to landlords but also to employers and their Human Resource (HR) department. This is especially true in situations where bankruptcy information can provide important clues in determining whether an employee can perform well on the job.<br />
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The highlights of this partnership include:<br />
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<b>Increased efficiency -</b> ZipReports now incorporates accurate and timely bankruptcy information into their reporting, saving their clients the hassle of manually checking the bankruptcy court system or dealing with additional authorization forms.<br />
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<b>Reduced risk -</b> BankruptcyWatch data allows landlords and employers to better understand the financial picture of their candidates. This translates to saving money, time and effort down the road.<br />
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<b>Enhanced decision-making -</b> Through the timely and accurate data provided by BankruptcyWatch, ZipReports users will enhance their ability to make decisions. Whether processing applications, renewing a lease or keeping track of an employee’s bankruptcy status users now have a direct and easy way to check bankruptcy info.<br />
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To learn more about how BankruptcyWatch can help your organization, email Sales@BankruptcyWatch.com, visit <a href="http://www.bankruptcywatch.com/">BankruptcyWatch.com</a> or call them at (888) 895-1328.<br />
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For more information on ZipReports and how they can simplify and streamline your screening process, email Service@ZipReports.com, visit<a href="http://www.bankruptcywatch.com/"> </a><a href="http://www.zipreports.net/">ZipReports.net</a> or call them at (800) 311-1585.</div>
Unknownnoreply@blogger.comtag:blogger.com,1999:blog-7418156376801088203.post-62548278085580780252017-12-28T18:14:00.000-07:002017-12-28T18:23:25.521-07:00Auto Loan Delinquencies Are On The Rise<div style="text-align: center;">
<img border="0" height="425" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjEK9g-AaSjot8HxfQUt-Gai_73fHLWS3ZSI48J7lmjgkCi-Krus66v6sn6_wZ8ZiXhCjQTr9hFhlK1cMTejOmNFyggWq2PMOdUqGA6ZNtNpMM-V0RlPJcePNgnCmtnhr-2l5X-O3NHVAo/s640/48127262_s.jpg" width="640" /></div>
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<span style="font-family: "arial" , "helvetica" , sans-serif; font-size: x-small;">The state of the American economy is healthy, according to economic and financial experts. The fundamentals remain strong: low unemployment rate (4.1%), robust growth rate not seen since the Great Recession and record-breaking stock market performance.</span><br />
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<span style="font-family: "arial" , "helvetica" , sans-serif; font-size: x-small;">However, if one were to look closely at some specific economic indicators such as household debt, some worrying trends begin to emerge. The rise in <a href="http://www.businessinsider.com/consumer-debt-surges-and-subprime-auto-delinquencies-rise-2017-11">car loan delinquencies</a>, for example, especially amongst subprime borrowers (620 credit score or below), is beginning to show signs of the proverbial canary in a coal mine.</span><br />
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<span style="font-family: "arial" , "helvetica" , sans-serif; font-size: x-small;">Auto finance companies and banks are experiencing a rise in subprime and even above prime delinquencies. Non-bank finance companies are especially affected because they hold roughly 75% of the $282 billion in subprime auto loans. Banks and other lenders hold the rest.</span><br />
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<span style="font-family: "arial" , "helvetica" , sans-serif; font-size: x-small;">The trend in delinquent car loan payments has been steadily climbing for the past two years and are now closing in on the 2008 financial crash levels. A significant chunk of these delinquencies seriously delinquent (90+ days late in payments).</span><br />
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<span style="font-family: "arial" , "helvetica" , sans-serif; font-size: x-small;">These rising delinquencies are causing lenders to enhance their due diligence process on the front end and look for ways to reduce collections and recovery costs to protect their bottom lines. Alternative credit data is gaining popularity and in many cases being deemed as or more influential than traditional credit reports. BankruptcyWatch is ideally situated to help lenders in every facet of their lending process.</span><br />
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<span style="font-family: "arial" , "helvetica" , sans-serif; font-size: x-small;">BankruptcyWatch provides a comprehensive bankruptcy solution to help lenders score recent filers and give them exactly what they need to make fast and accurate credit and collections decisions. Utilizing our full tool set, organizations are completely automating their bankruptcy departments and decisioning elements.</span><br />
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<span style="font-family: "arial" , "helvetica" , sans-serif; font-size: x-small;">BankruptcyWatch’s patent pending technology gives lenders instant access to bankruptcy data and unlocks the information inside the filed documents. This data includes the ability to calculate a debtor’s debt-to-income ratio as well as knowing what they intend to do with all of their assets and so much more. BankruptcyWatch obtains real-time data from the court system that is far more reliable and accurate than any other available method and is customized based on each lender’s specific requirements.</span><br />
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<span style="font-family: "arial" , "helvetica" , sans-serif; font-size: x-small;">To learn more about how BankruptcyWatch can help your company or organization, email Sales@BankruptcyWatch.com or call us at (888) 895-1328.</span></div>
Unknownnoreply@blogger.comtag:blogger.com,1999:blog-7418156376801088203.post-53730919031713864982017-11-14T00:07:00.003-07:002017-11-14T00:07:24.714-07:00BankruptcyWatch Unveils Powerful Chapter 13 Payment Plan Data<div dir="ltr" style="line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt;">
<span style="background-color: transparent; color: black; font-family: Arial; font-size: 11pt; font-style: normal; font-variant: normal; font-weight: 700; text-decoration: none; vertical-align: baseline; white-space: pre-wrap;">La Quinta, California</span><span style="background-color: transparent; color: black; font-family: Arial; font-size: 11pt; font-style: normal; font-variant: normal; font-weight: 400; text-decoration: none; vertical-align: baseline; white-space: pre-wrap;"> - With the looming move to standardize the Chapter 13 Official Plan Form, </span><a href="http://www.bankruptcywatch.com/" style="text-decoration: none;"><span style="background-color: transparent; color: #1155cc; font-family: Arial; font-size: 11pt; font-style: normal; font-variant: normal; font-weight: 400; text-decoration: underline; vertical-align: baseline; white-space: pre-wrap;">BankruptcyWatch</span></a><span style="background-color: transparent; color: black; font-family: Arial; font-size: 11pt; font-style: normal; font-variant: normal; font-weight: 400; text-decoration: none; vertical-align: baseline; white-space: pre-wrap;"> stands ready to help their clients take advantage of this key change in the filed bankruptcy documents. </span></div>
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<div dir="ltr" style="line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt;">
<span style="background-color: transparent; color: black; font-family: Arial; font-size: 11pt; font-style: normal; font-variant: normal; font-weight: 400; text-decoration: none; vertical-align: baseline; white-space: pre-wrap;">BankruptcyWatch announced today at the Annual MasterQueue User Conference that their PDF Document Parsing Engine now includes the Chapter 13 Plan.</span></div>
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<div dir="ltr" style="line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt;">
<span style="background-color: transparent; color: black; font-family: Arial; font-size: 11pt; font-style: normal; font-variant: normal; font-weight: 400; text-decoration: none; vertical-align: baseline; white-space: pre-wrap;">The Federal Bankruptcy Court recently mandated that all new Chapter 13 bankruptcy filings must use a uniform </span><a href="http://www.uscourts.gov/sites/default/files/b_113_and_cn_0.pdf" style="text-decoration: none;"><span style="background-color: transparent; color: #1155cc; font-family: Arial; font-size: 11pt; font-style: normal; font-variant: normal; font-weight: 400; text-decoration: underline; vertical-align: baseline; white-space: pre-wrap;">Official Form 113</span></a><span style="background-color: transparent; color: black; font-family: Arial; font-size: 11pt; font-style: normal; font-variant: normal; font-weight: 400; text-decoration: none; vertical-align: baseline; white-space: pre-wrap;">. It must be noted that district courts will still have the option to use a different form, however, the contents of the plan must comply with established guidelines.</span></div>
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<span style="background-color: transparent; color: black; font-family: Arial; font-size: 11pt; font-style: normal; font-variant: normal; font-weight: 400; text-decoration: none; vertical-align: baseline; white-space: pre-wrap;">The change takes effect starting December 1st. BankruptcyWatch has already put in place the technological capability and expertise to read and process the submitted Plans with a high degree of accuracy and efficiency.</span></div>
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<div dir="ltr" style="line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt;">
<span style="background-color: transparent; color: black; font-family: Arial; font-size: 11pt; font-style: normal; font-variant: normal; font-weight: 400; text-decoration: none; vertical-align: baseline; white-space: pre-wrap;">Lance Wickham, President of BankruptcyWatch, said “Every organization that is affected by Chapter 13 bankruptcy needs and reads the Plan. We are proud to be the first to offer this new capability and we expect this huge leap in our technology to revolutionize the way companies use the Plan.”</span></div>
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<span style="background-color: transparent; color: black; font-family: Arial; font-size: 11pt; font-style: normal; font-variant: normal; font-weight: 400; text-decoration: none; vertical-align: baseline; white-space: pre-wrap;">BankruptcyWatch has been electronically reading bankruptcy documents for their clients for a number of years. This new feature allows their clients to experience the best possible outcome in every bankruptcy case with little to no staff time required.</span></div>
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<span style="background-color: transparent; color: black; font-family: Arial; font-size: 11pt; font-style: normal; font-variant: normal; font-weight: 400; text-decoration: none; vertical-align: baseline; white-space: pre-wrap;">Some key benefits of using BankruptcyWatch’s latest technology to process the latest Chapter 13 Plans include:</span></div>
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<li dir="ltr" style="background-color: transparent; color: black; font-family: Arial; font-size: 11pt; font-style: normal; font-variant: normal; font-weight: 400; list-style-type: disc; text-decoration: none; vertical-align: baseline;"><div dir="ltr" style="line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt;">
<span style="background-color: transparent; color: black; font-family: Arial; font-size: 11pt; font-style: normal; font-variant: normal; font-weight: 400; text-decoration: none; vertical-align: baseline; white-space: pre-wrap;">Ability to ensure maximum revenue from each and every Plan</span><span style="background-color: transparent; color: black; font-family: Arial; font-size: 11pt; font-style: normal; font-variant: normal; font-weight: 400; text-decoration: none; vertical-align: baseline; white-space: pre-wrap;"><br class="kix-line-break" /></span></div>
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<span style="background-color: transparent; color: black; font-family: Arial; font-size: 11pt; font-style: normal; font-variant: normal; font-weight: 400; text-decoration: none; vertical-align: baseline; white-space: pre-wrap;">Faster reactions to Plan changes and updates</span><span style="background-color: transparent; color: black; font-family: Arial; font-size: 11pt; font-style: normal; font-variant: normal; font-weight: 400; text-decoration: none; vertical-align: baseline; white-space: pre-wrap;"><br class="kix-line-break" /></span></div>
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<li dir="ltr" style="background-color: transparent; color: black; font-family: Arial; font-size: 11pt; font-style: normal; font-variant: normal; font-weight: 400; list-style-type: disc; text-decoration: none; vertical-align: baseline;"><div dir="ltr" style="line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt;">
<span style="background-color: transparent; color: black; font-family: Arial; font-size: 11pt; font-style: normal; font-variant: normal; font-weight: 400; text-decoration: none; vertical-align: baseline; white-space: pre-wrap;">Significant reduction in costs related to the hiring of expensive staff to parse, review and interpret the complex Plan filings</span><span style="background-color: transparent; color: black; font-family: Arial; font-size: 11pt; font-style: normal; font-variant: normal; font-weight: 400; text-decoration: none; vertical-align: baseline; white-space: pre-wrap;"><br class="kix-line-break" /></span></div>
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<span style="background-color: transparent; color: black; font-family: Arial; font-size: 11pt; font-style: normal; font-variant: normal; font-weight: 400; text-decoration: none; vertical-align: baseline; white-space: pre-wrap;">High level of accuracy and enhanced efficiency to the company workflow due to the automation process </span></div>
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<div dir="ltr" style="line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt;">
<span style="background-color: transparent; color: black; font-family: Arial; font-size: 11pt; font-style: normal; font-variant: normal; font-weight: 400; text-decoration: none; vertical-align: baseline; white-space: pre-wrap;">“Even if you already have some level of bankruptcy workflow automation, we can still add tremendous value to your organization.” Wickham noted. “Lenders need to know with clarity the details of the Plan to understand the implications it will have on their processes and revenue,” he added. </span></div>
<br /><span style="font-family: Arial; font-size: 11pt; vertical-align: baseline; white-space: pre-wrap;">BankruptcyWatch provides bankruptcy department automation solutions. To learn more about how BankruptcyWatch can help your organization, email Sales@BankruptcyWatch.com, visit</span><a href="http://www.bankruptcywatch.com/" style="text-decoration-line: none;"><span style="color: black; font-family: Arial; font-size: 11pt; vertical-align: baseline; white-space: pre-wrap;"> </span><span style="color: #1155cc; font-family: Arial; font-size: 11pt; text-decoration-line: underline; vertical-align: baseline; white-space: pre-wrap;">www.BankruptcyWatch.com</span></a><span style="font-family: Arial; font-size: 11pt; vertical-align: baseline; white-space: pre-wrap;"> or call them at (888) 895-1328.</span>Unknownnoreply@blogger.comtag:blogger.com,1999:blog-7418156376801088203.post-43582887986168042552016-12-30T18:50:00.000-07:002017-02-13T14:32:32.795-07:00BankruptcyWatch Releases Enhanced Bankruptcy Scrubs & Monitoring<div class="separator" style="clear: both; text-align: center;">
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<span style="color: #444444; font-size: large;">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. </span><span style="box-sizing: inherit; color: #444444; font-size: large;">“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.”</span></div>
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<span style="box-sizing: inherit; color: #444444; font-size: large;">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.</span></div>
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<span style="box-sizing: inherit; color: #444444; font-size: large;">Main benefits of this enhanced product:</span></h4>
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<li style="box-sizing: inherit;"><span style="color: #444444;"><span style="box-sizing: inherit; font-size: large;"><strong style="box-sizing: inherit;">Increased Staff Efficiency.</strong> 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.</span></span></li>
<li style="box-sizing: inherit;"><span style="color: #444444;"><span style="box-sizing: inherit; font-size: large;"><strong style="box-sizing: inherit;">Reduced Risk.</strong> 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.</span></span></li>
<li style="box-sizing: inherit;"><span style="color: #444444;"><span style="box-sizing: inherit; font-size: large;"><strong style="box-sizing: inherit;">Customizable Data.</strong> With literally thousands of available data points, BankruptcyWatch makes the relevant information easily accessible in every case.</span></span></li>
<li style="box-sizing: inherit;"><span style="box-sizing: inherit; color: #444444; font-size: large;"><strong style="box-sizing: inherit;">Multiple Notification Methods.</strong> 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.</span></li>
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<span style="box-sizing: inherit; color: #444444; font-size: large;">To learn more about BankruptcyWatch’s industry-leading bankruptcy scrub and monitoring system, visit <a href="http://www.bankruptcywatch.com/" style="box-sizing: inherit;">www.BankruptcyWatch.com</a>, </span><span style="color: #444444; font-size: large;">email </span><br />
<a href="mailto:sales@bankruptcywatch.com" style="box-sizing: inherit; color: #444444; font-size: x-large;">Sales@BankruptcyWatch.com</a><span style="color: #444444; font-size: large;"> or call 888-895-1328.</span></div>
Unknownnoreply@blogger.comtag:blogger.com,1999:blog-7418156376801088203.post-19415551711187408812016-06-09T16:20:00.000-06:002017-02-08T15:30:34.573-07:00Announcing PacerUpTime.com<div style="box-sizing: inherit; color: #333333; font-family: "Open Sans", sans-serif; font-size: 13px;">
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiIA9J2_0ec5OSwDwySNgJfcITvkXyLmILDUD6hdc3AZOE_eGOLOnKyPZfYZCGZXEiiqLNPNoBOSqdW_uI6knejFB6PX1iORe5BKdiRDE2Nk3Q_wujyhyphenhyphenWynyHrMNaQ-C2UBXo1D_ME114/s1600/PacerUpTimeDashboard.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="640" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiIA9J2_0ec5OSwDwySNgJfcITvkXyLmILDUD6hdc3AZOE_eGOLOnKyPZfYZCGZXEiiqLNPNoBOSqdW_uI6knejFB6PX1iORe5BKdiRDE2Nk3Q_wujyhyphenhyphenWynyHrMNaQ-C2UBXo1D_ME114/s640/PacerUpTimeDashboard.jpg" width="528" /></a></div>
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<span style="box-sizing: inherit; color: #444444; font-size: large;">BankruptcyWatch announces their PACER.gov monitoring tool called PacerUpTime.com. <a href="http://paceruptime.com/" style="box-sizing: inherit;">PacerUpTime.com</a> 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.</span></div>
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<span style="box-sizing: inherit; color: #444444; font-size: large;">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.”</span></div>
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<span style="box-sizing: inherit; color: #444444; font-size: large;"><a href="http://paceruptime.com/" style="box-sizing: inherit;">PacerUpTime.com</a> 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.</span></div>
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<span style="box-sizing: inherit; color: #444444; font-size: large;">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, visit<a href="http://bankruptcywatch.com/" style="box-sizing: inherit;">www.BankruptcyWatch.com</a> or call 888-895-1328.</span><br />
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Unknownnoreply@blogger.comtag:blogger.com,1999:blog-7418156376801088203.post-2308856391578127912015-12-01T07:30:00.000-07:002017-01-27T19:36:29.592-07:00New Bankruptcy Forms Are Here<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjFZnq3bfdGdFThpfC_DtCWPYnt6CDs-oatDWtM_P2L23FymALI_vNgJ_L5lig-lbaG5RIpkRAyCRdfYXbiOnpKfT9oI7RbHc31L0N-EZOYjBCe2ndVIh1WV7dSX5n6_Kl6H0mziiZchHQ/s1600/bkwcode.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="209" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjFZnq3bfdGdFThpfC_DtCWPYnt6CDs-oatDWtM_P2L23FymALI_vNgJ_L5lig-lbaG5RIpkRAyCRdfYXbiOnpKfT9oI7RbHc31L0N-EZOYjBCe2ndVIh1WV7dSX5n6_Kl6H0mziiZchHQ/s320/bkwcode.jpg" width="320" /></a></div>
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<span style="background-color: transparent; font-family: "arial"; font-size: 14.6667px; font-style: normal; font-weight: 400; text-decoration: none; vertical-align: baseline; white-space: pre-wrap;"><span style="color: #444444;"><br /></span></span></div>
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<span style="background-color: transparent; font-family: "arial"; font-size: 14.6667px; font-style: normal; font-weight: 400; text-decoration: none; vertical-align: baseline; white-space: pre-wrap;"><span style="color: #444444;">If bankruptcy managers haven’t already, they are about to hear from their staff how the new bankruptcy forms are affecting their work. Beginning December 1st, new bankruptcy filers must use the new forms that were recently released by the U.S. Courts. These forms are quite different than their decade-old predecessors and initially pose an increase in risk to lenders as their staff work to understand the new format and determine where the important bits of data are now kept. On top of that, training has become more complicated because the old forms submitted through November 30th will still be prevalent during the next couple years, so employees will need to know both the old and new forms.</span></span></div>
<b id="docs-internal-guid-51031b1b-e2ec-3236-d501-fbc0e2afaea3" style="font-weight: normal;"><span style="color: #444444;"><br /></span></b>
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<span style="background-color: transparent; font-family: "arial"; font-size: 14.6667px; font-style: normal; font-weight: 400; text-decoration: none; vertical-align: baseline; white-space: pre-wrap;"><span style="color: #444444;">From my perspective, here are some of the Court’s reasons for changing:</span></span></div>
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<li dir="ltr" style="background-color: transparent; font-family: Arial; font-size: 14.6667px; font-style: normal; font-variant-caps: normal; font-variant-ligatures: normal; font-weight: 400; list-style-type: disc; text-decoration: none; vertical-align: baseline;"><div dir="ltr" style="line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt;">
<span style="background-color: transparent; font-family: "arial"; font-size: 14.6667px; font-style: normal; font-weight: 400; text-decoration: none; vertical-align: baseline; white-space: pre-wrap;"><span style="color: #444444;">Lending practices, borrowing trends, and even types of debt have changed quite a bit over the last 10 years and the old forms have been pretty much the same for about a decade.</span></span></div>
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<li dir="ltr" style="background-color: transparent; font-family: Arial; font-size: 14.6667px; font-style: normal; font-variant-caps: normal; font-variant-ligatures: normal; font-weight: 400; list-style-type: disc; text-decoration: none; vertical-align: baseline;"><div dir="ltr" style="line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt;">
<span style="background-color: transparent; font-family: "arial"; font-size: 14.6667px; font-style: normal; font-weight: 400; text-decoration: none; vertical-align: baseline; white-space: pre-wrap;"><span style="color: #444444;">The older forms were the same for both individual debtors filing a Chapter 7 or 13 and a large corporation. This meant the older forms were more complicated than a typical debtor’s filing required and led to debtor-side mistakes which cost the court and creditors additional time and effort to correct.</span></span></div>
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<li dir="ltr" style="background-color: transparent; font-family: Arial; font-size: 14.6667px; font-style: normal; font-variant-caps: normal; font-variant-ligatures: normal; font-weight: 400; list-style-type: disc; text-decoration: none; vertical-align: baseline;"><div dir="ltr" style="line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt;">
<span style="background-color: transparent; font-family: "arial"; font-size: 14.6667px; font-style: normal; font-weight: 400; text-decoration: none; vertical-align: baseline; white-space: pre-wrap;"><span style="color: #444444;">About 10% of all non-business cases from October 1, 2014 through September 30th, 2015 were filed without an attorney. According the IRS, in 2014, 44% of electronic tax filings were self-prepared. Although different, the two types of filings can be thought of as similar and the courts would like to allow debtors more freedom to file without an attorney. The new forms are meant to be easier for the layperson to understand and fill out and are available as electronically fillable PDFs.</span></span></div>
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<span style="background-color: transparent; font-family: "arial"; font-size: 14.6667px; font-style: normal; font-weight: 400; text-decoration: none; vertical-align: baseline; white-space: pre-wrap;"><span style="color: #444444;">I’m sure there are other reasons behind the change, but I think those will have the biggest implications when it comes to open and post-bankruptcy lending. Let’s explore a couple examples of how lenders can expect to be affected by these changes.</span></span></div>
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<span style="background-color: transparent; font-family: "arial"; font-size: 14.6667px; font-style: normal; font-weight: 400; text-decoration: none; vertical-align: baseline; white-space: pre-wrap;"><span style="color: #444444;">The new bankruptcy forms are meant to be easier for the debtor to understand and fill out. Naturally this means that there needs to be more paperwork to fill out. The old Voluntary Petition was typically 3 pages. The new forms are 7 pages long. A typical individual bankruptcy filing that includes all statements and schedules will be around 70 pages where it used to be around 50. Lenders can expect their employees to need more time to sift through the paperwork as they encounter more of the new forms.</span></span></div>
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<span style="background-color: transparent; font-family: "arial"; font-size: 14.6667px; font-style: normal; font-weight: 400; text-decoration: none; vertical-align: baseline; white-space: pre-wrap;"><span style="color: #444444;">If the Court is correct and easier forms actually mean more Pro Se debtors, lenders can expect to adjust their policies regarding Pro Se debtors or risk reducing their pool of acceptable candidates. Certainly, if Pro Se filings may increase, we can also expect to see issues arise outside of the initial filing. Debtors often have tasks they need to perform well after their bankruptcy is discharged. Increased Pro Se filings will almost certainly impact the cost of writing and servicing bankruptcy loans.</span></span></div>
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<div dir="ltr" style="line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt;">
<span style="background-color: transparent; font-family: "arial"; font-size: 14.6667px; font-style: normal; font-weight: 400; text-decoration: none; vertical-align: baseline; white-space: pre-wrap;"><span style="color: #444444;">Lenders are at a point where they need to decide whether to invest in re-training and maintaining their staff’s knowledge or finding new ways of dealing with the amount of data that is required to make sound bankruptcy lending decisions. It makes sense that many will choose to train employees because until recently, there wasn’t another real alternative. As lenders make their decisions and pour months of training and lots of money into these new forms, may I suggest that there is an electronic alternative which should be brought to the table.</span></span></div>
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<span style="background-color: transparent; font-family: "arial"; font-size: 14.6667px; font-style: normal; font-weight: 400; text-decoration: none; vertical-align: baseline; white-space: pre-wrap;"><span style="color: #444444;">BankruptcyWatch has developed the technology to electronically read the PDFs and gather all the PACER data that lenders need. These capabilities have been proven effective and accurate by several lenders and offer an automated and scalable alternative to the expensive, manual data entry process currently used by most lenders.</span></span></div>
<span style="color: #444444;"><br /><span style="font-family: "arial"; font-size: 14.6667px; vertical-align: baseline; white-space: pre-wrap;">For more information on BankruptcyWatch’s technology and to see an online demo, visit </span><a href="http://www.bankruptcywatch.com/" style="text-decoration: none;"><span style="font-family: "arial"; font-size: 14.6667px; text-decoration: underline; vertical-align: baseline; white-space: pre-wrap;">www.BankruptcyWatch.com</span></a><span style="font-family: "arial"; font-size: 14.6667px; vertical-align: baseline; white-space: pre-wrap;">, email </span><a href="mailto:sales@BankruptcyWatch.com" style="text-decoration: none;"><span style="font-family: "arial"; font-size: 14.6667px; text-decoration: underline; vertical-align: baseline; white-space: pre-wrap;">sales@BankruptcyWatch.com</span></a><span style="font-family: "arial"; font-size: 14.6667px; vertical-align: baseline; white-space: pre-wrap;"> or call 888-895-1328.</span></span>Unknownnoreply@blogger.com