Litigations

Required Data

• Business Name
  • The legal name of the Business you are verifying. This should be the name the Business has registered with the U.S. IRS or the Secretary of State in their state of incorporation.
• Business Addresses
  • A list including the physical addresses of a business. For larger companies, this commonly includes the address of their headquarters (HQ) location.

• Taxpayer Identification Number
  • A unique 9-digit number that is used by the IRS to identify a business entity

Optional Data

• Peoples
  • A list of people associated with the business
• Business Structure
  • If you want to check against a Sole Proprietorship or LLC
• Website Address

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Litigations

• Checks for any active litigation against the provided business info

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Bankruptcy 

In the public court of law, bankruptcy filings are important references when taking on balance sheet risk. Each bankruptcy provides details about all aspects of the case proceedings; these details include:

• Debtor: the individual or entity that owes money to another party.
• Trustee: the individual responsible for the bankruptcy and all case proceedings
• Court: the court in which the hearing takes place, including the office number, district, and case number.
• Chapter: the chapter in the collection of types of court cases that Bankruptcy falls into
• Updates: a sequence of events for the case; it includes a description of the update, a reference to the update, and the event date.

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Liens

Customers in the lending and financing spaces may perform due diligence on entities as part of their underwriting process. The Liens Search product covers UCC liens along with Federal and State Tax liens.

• Debtor: the individual or entity that owes money to another party.
• Secured Party: the entity to whom money is owed.
• Filing Date: the date when the UCC1 was filed.
• Lapse Date: the date when the UCC1 will lapse.
• File Number: the file number of the UCC1 from which the data is sourced.
• Status: whether or not the lien is active.

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