A bankruptcy list is an index of people or companies who have filed for bankruptcy. When someone or a company files for bankruptcy, it means that such entity or person is incapable of, or is greatly unable to pay off loans taken, or unable to pay off their bills.
In these cases, debtors need to make a detailed filing of bankruptcy and must provide information such as name, gender, address, income, filing date, marital status and amount of lien. This claim must be filed with state, federal, or county courts, and the matter is subject to public concern and thus open for everyone to view. Thus, it is common for some companies to get information from these records and determine the worthiness of a person or company’s claim.
Bankruptcy Claims
In addition to identifying persons as well as companies who have at some point in time applied for or filed bankruptcy claims, the bankruptcy list provides personal and financial information of each claim as well as the filing type and what the claim status is. The status of a claim can either be “filed,” “dismissed” or “discharged.” If a claim has been “filed,” it has been submitted and is still active and under consideration. “Dismissed” claims have been terminated and are cases in which the subject is unable to pay off the debt. If a claim has been “discharged,” it means that the debts were paid off and ultimately eliminated. The bankruptcy list is a complete record of a person or company’s bankruptcy claims. Even in the case of a dismissed claim, the record is kept and available to the public upon request.
Assessing Credit Worthiness
The bankruptcy list is very important for businesses that depend on credit. A file for bankruptcy shows up on individual and company credit rating. Therefore, the bankruptcy list helps lenders form an opinion about the credit worthiness of an applicant who applies for credit. A lender such as a car dealer, mortgage financier, and credit card company makes great use of the bankruptcy list to determine the reliability of its customer. With the bankruptcy list, a lender can research credit histories of applicants so that they end up approving only those with good credit standing.
It is also important to note that bankruptcy lists identify people that have filed for bankruptcy in the past as well as those who have only recently filed for bankruptcy. The bankruptcy list is constantly updated and provides companies with up-to-date information.
However, the bankruptcy list is mostly available only after paying a fee. The list does not contain exhaustive information, as it is generally compiled from databases from the entire country and contains information about millions of businesses as well as individuals. These bankruptcy lists can also be sorted based on status, address, name and even filing type.
Tag: Financier
What is a Bankruptcy List and What’s it Mean If You’re on One?
How to write a telemarketing agency business plan
Firstly the query you need to answer before writing your business plan – what is a business plan? In short it is a roadmap for your telemarketing agency business showing anyone who looks as it what the goals of the business are and also shows how those goals should be achieved.
Without a plan it is not likely that possible “angel investors” and the like will invest in your telemarketing agency business if that is what you require to start-up or if you need to take it to the next level
The plan should be made bespoke for the potential lender or the financier. The substance of the business plan ought to exhibit the possible interests of the lender and promote support for your telemarketing agency business venture.
After completion,your plan also provides a powerful tool for scrutinizing the progress of the telemarketing agency business.
It will help you to conentrate on the objectives set up in the telemarketing agency business plan.
You must keep your backer’s attention by making the document as reader friendly as possible. Use unpretentious, direct language and graphics to illustrate your ideas. Make sure your text reflects the assured approach of the management team. On the other hand, it is advisable to be realistic when presenting economic forecasts.
Endeavor to make the plan as optimistic as possible but do not shy away from any observable troubles there might be in setting up your telemarketing agency business as your investor will more than likely have thought of them anyway; so if you can get their first and counter the likely questions before they think of them so much the better.
Arrange your telemarketing agency business plan in a reasonable style with clear and precise headings – do not be frightened to waste paper – start new headings on a clean fresh piece of paper – it will make the document look more authoritative and make it easy to find stuff for your backer.
Keep all the figures between the main body of the article and your appendices – if you put large sections of figures in the body of your article you’ll distract your investor from the flow of the business plan.
If your business is a new venture then give background information as to why you intend to start it. State the significant advantages of your product or service. Point to would-be markets and give details of your pricing policy and promotion strategies. Identify the competition and outline your proposals for dealing with it. Be positive but succinct.
Make apparent the know-how and achievements of you and your management team and show how their skills can be harnessed to acquire growth potential and profitability. Offer information on recruitment requirements including CVs for senior management in the Appendices and, if applicable, an organisation chart to illustrate the management composition.