Inforuptcy provides online bankruptcy case information for the United States. Inforuptcy also provides an open marketplace for the sale of bankruptcy assets and claims. Founded in 2009, Inforuptcy LLC’s mission is to increase transparency in the bankruptcy industry by providing greater access to bankruptcy sales and records. In support of its goal, Inforuptcy also provides a variety of cloud based tools to efficiently access, store and proliferate available information. To date, bankruptcy records provided includes case information from PACER, news, sales of claims and assets, and community generated content.
Contents
Bankruptcy Case Records and Documents
Inforuptcy provides access to all bankruptcy case records and documents through a unique PACER (law) interface that greatly improves the user experience by providing enhanced features free of charge while simultaneously decreasing costs to access information across a wide user base. Enhanced features include but are not limited to keyword searches of dockets, cloud storage of all purchased data (HTML and PDF), case folder organization, case tracking, and search history. Public cost is decreased because Inforuptcy donates all HTML (docket text and other queries) obtained by users to all others in the community, and offers a 50% discount off PACER’s price on PDF’s already in its database. Inforuptcy also offers each new user a $5 credit to purchase information from PACER.
Chapter 11 Bulletin
As part of providing greater access to bankruptcy records, Inforuptcy makes available a daily list of all Chapter 11 cases filed across the United States. The first day docket for each case listed may be accessed for free.
An newsletter version, called the Chapter 11 Bulletin, is provided for a minimal monthly subscription, cancelable at any time. Additional benefits of the Chapter 11 Bulletin include the option to receive the information via email either daily or weekly, direct links to view the docket from email, and a CSV format for easy sorting and manipulation of the data.
Marketplace
Bankruptcy Code § 363 requires court authorization for the sale of assets that are part of a bankruptcy estate. Since there are close to 100 bankruptcy courts across the United States, the sale of such assets is fragmented by nature. Inforuptcy’s marketplace is intended to provide a centralized platform to assist in the disposition of these bankruptcy assets.
Additional Information
In support of its mission, Inforuptcy also provides news and a community platform allowing for further access and exchange of bankruptcy information. Premium productivity tools are offered to professionals in the industry who rely on and are required to use vast amounts of bankruptcy information.