Business Bankruptcies | Business data and intelligence | Enigma
Business Bankruptcies Data icon
DATA ATTRIBUTE PROFILE

Business Bankruptcies

Business Bankruptcies data reports publicly-filed bankruptcy information for a given company. Timely bankruptcy signal enables lenders to quickly address distressed businesses in their portfolios.

Overview

A business bankruptcy filing is a public record that details the nature of each company’s case. While a bankruptcy filing is an official indicator of business distress, many lenders have yet to integrate bankruptcy data into their risk mitigation processes. This results in increased exposure to risk, fraud, and related losses. By providing rapidly-refreshing bankruptcy data, Enigma ensures lenders are updated about bankruptcy filings in near real-time to better manage risk.

How to use this data

Leverage this data to track and respond to business bankruptcies in near real-time as part of your broader portfolio monitoring strategy. This data can also be applied to underwriting processes to help you gauge applicant’s risk backgrounds and flag high-risk applicants. Marketing teams can also integrate bankruptcy data for lead qualification to segment out bankrupted leads.

Sample API output

{

    …

    “business_bankruptcy”: {

        “bankruptcy_flag”: Y, 

        “chapter_type”: 11,

        “filing_date”: “2020-15-03”,

        “Case_number”: “xxxxx”,

    }

}

Dataset details

Category
Details
Key Fields
Bankruptcy flag (Yes or No); Chapter 7 or Chapter 11 bankruptcy; Filing Date; Case Number
Sources
Official bankruptcy court records
Data Derivation Method
Data is acquired and matched to the corresponding small businesses. We tie the records to our database of businesses and surface the information with consistent formatting.
Refresh Rate
Weekly
Coverage: Geography
National - all 50 states
Coverage: Business Count
Over 500,000 businesses
Coverage: Dates
2000 - Present
Planned Coverage and Roadmap
Coverage may expand to include more chapters of bankruptcy and more individual case details.
Pricing
$0.24 per call. Get in touch to request a free demo/trial of the attribute.
Business Closures, WARN Act filings, Government Contracts

This is a baseline risk signal that should be part of every lender’s data strategy for portfolio risk monitoring and loss mitigation

Picture of Enigma Product Manager

Lior Zichron

Director of Product Management

Seeking a specific small business dataset? Contact us with your request.