How to Find Bankruptcy Records in North Carolina?Bankruptcy records are files which contain extensive financial information on an individual or a company. These documents exist only for those who file for bankruptcy. When anyone has to take this financial route, they have to approach a federal court, who specializes in these types of cases.
These judicial institutions exist in every state and are responsible for maintaining these documents. As per the North Carolina Public Records Law, anyone can place a request to access public records. It is the job of the custodian to make sure that these documents are available at rational times and appropriate supervision. Also, the law states that those responsible for maintaining the records must provide copies after receiving payment from interested parties.
North Carolina bankruptcy records fall under the category of the public records. Due to this reason, you can get in touch with one of the three federal bankruptcy courts, who act as custodians to these documents:
· North Carolina Middle Bankruptcy Court
· North Carolina Eastern Bankruptcy Court
· North Carolina Western Bankruptcy Court
How to look for bankruptcy records in North Carolina?
In North Carolina public bankruptcy records, there are two ways you can acquire these files. The first is to use the Public Access to Court Electronic Records, which goes by the name PACER.
If you wish to use this service, you need to create an account in this system. At present, you don’t have to pay any fee to register yourself on this platform. However, you will need access to a credit card, if you want to acquire the North Carolina bankruptcy public records immediately.
However, if you can wait, there is another way to gain access to bankruptcy records in North Carolina. You will receive an activation code, which will arrive at your location via U.S mail. Due to this reason, you must provide the correct address, when you fill out the registration forms. This will take anywhere between 7 – 10 business days after you create the account.
PACER will charge you $.10 for every page of the bankruptcy records North Carolina. However, there is a cap of $3.00 for a single document. This is the equivalent of going through 30 pages in the file.
It is essential to keep in mind that this doesn’t apply to transcripts, non-case-specific reports, and name searches. As per the latest Judicial Conference ruling, if your quarterly use of this service is $30 or lower, you don’t have to pay this amount.
The second option is to get in touch with a third-party vendor. Several companies specialize in searching for bankruptcy records in North Carolina. They will go through a wide variety of databases to give you accurate and reliable information. However, you have to pay a fee for using their services.
What are the use cases of North Carolina public bankruptcy records?
There are several reasons as to why people want access to North Carolina bankruptcy public records. For instance, you want to invest in a company, as you want to increase your sources of income. The business partner who will be in charge of the firm filed for bankruptcy two years ago.
When you place a request to access the bankruptcy records in North Carolina, you can learn more about how this individual reached his/her dire financial status. You get to know the list of creditors along with how much he/she owed, gross income and sources of revenue, and the assets owned by the individual. At the same time, it also includes information about a person’s investments.
Accessing North Carolina bankruptcy records will help you make an informed decision, ensuring you save thousands of dollars in the long run.