Bankruptcy has become a major economic and political issue in United States of America in recent times. Major financial giants like the Lehman Brothers and Washington Mutual which were once major contributors to not only the US but also to the global economy have fallen. Just for the records, Lehman Brother's net worth was $691,063 compared to Washington Mutual's $327,913. Louisiana Bankruptcy Court located in the 5th circuit along with the Mississippi and Texas courts is one of the busiest when it comes to the number of bankruptcy petitions. A national survey on the Louisiana Bankruptcy records indicates around 30,000 filings for bankruptcy relief in the three district courts of Louisiana.
A single problem gives rise to many other ones. Bankruptcy has resulted in massive job losses throughout the state of Louisiana. This has considerably increased the tendency among people taking to the wrong path hiding their assets and trying to misguide others to save their own money. Court records show that 70% people in the state of Louisiana were guilty of hiding their assets to avoid paying off their debts to creditors. However there is a way to try and protect your hard earned money, the Louisiana Bankruptcy Court records.
The United States legislature makes it compulsory that all court records be made available to the public on request. But most people stay away from requesting for these records because either they do not know the process or they lack the necessary time needed to access the records from Louisiana district court offices. However you can now get to review a Louisiana Bankruptcy Court Record online, 24 hours a day, 7 days an week. We suggest you read on to know exactly where to look.
Find and Verify Louisiana Bankruptcy Records
There are three bankruptcy courts encompassing the entire state of Louisiana. These include the bankruptcy courts for the Eastern district, Western district and the Louisiana middle district. The United States has a federal form of government in place, which requires division of power between the central federal government and the state governments. Any search for Bankruptcy Records can thus be made at the state level as well as the federal level.
If you wish to access Bankruptcy Court Information centrally go visit the National Open Records Search website. Here you will come across bankruptcy records repository. Inside this repository you will need to click on Louisiana. After that you will be taken to a page with a search Louisiana bankruptcy records option. The search requires you to enter the first name, last name and state. This website also provides you with various county bankruptcy records of Louisiana.
To access Louisiana bankruptcy court information locally you have the option to give the relevant district court website a visit. It may be the eastern, western or the middle district court website as your need may be. There you will find a case info menu which contains further links to VCIS or the PACER (Public Access to Court Electronic Records) websites.
The details obtained from Louisiana Bankruptcy Court files continue to provide comprehensive background check information about individuals and organizations alike. If you do not want to be a victim of financial fraud we recommend that you make these records a part of your professional life.