Frequently Asked Questions
BKwire’s proprietary software interacts with Pacer.gov to extract all bankruptcy filings and companies impacted, sorting through thousands of filings daily and categorizing them into the appropriate BKwire Zones, Chapter Types, Geographical area, and other key metrics.
PACER (Public Access of Court Electronic Records) has long been the go-to system for accessing federal bankruptcy records. However, its flaws and drawbacks have left many users frustrated and seeking alternatives. The BKwire platform offers a fresh approach to accessing corporate bankruptcy documents, addressing the unpredictability of PACER’s fees, difficult interface and trying to change how businesses professionals access bankruptcy data.
After sorting the information from Pacer, BKwire presents it in bifurcated views—one for largest daily corporate bankruptcies and one for companies impacted by bankruptcy.
No. The BKwire database began updating in the 4th quarter 2022.
BKwire’s database is refreshed each weekday before 12pm EST.
BKwire provides the following Corporate Bankruptcies:
- Chapter 7: Liquidation
- Chapter 11: Reorganization, Restructuring under the bankruptcy code
- Involuntary Bankruptcy: Forced, Unexpected, Creditor-Driven
All memberships include daily bankruptcy filings, companies impacted by the bankruptcy (top unsecured creditors), and BKwire’s exclusive insights. Including each bankruptcy petition (if available), BKwire Zone News, and access to the BKwire Watchlist.
Yes. With the BKwire team and MVP membership, subscribers can download all the BKwire information in Excel format.
Yes. The MVP plan allows BKwire users the ability to refresh and download case documents.
During the bankruptcy process, companies may require additional time to file missing documents. If a company has not filed the schedule containing the impacted businesses, BKwire will display a status of “Impacted Businesses not available yet”. During this time all memberships can move the bankruptcy filing to your watchlist. BKwire will continue to monitor your cases in the watchlist and notify you when the impacted business is available.
NO. At this time BKwire allows you to move any company only in the BKwire database to your watchlist.
From time to time the bankruptcy petitions extracted by BKwire from Pacer are difficult to read due to poor formatting. When you find a column that states ‘see petition’ this is BKwire’s way of informing you the information was difficult to read, foreign address, or could be an involuntary bankruptcy filing. In these cases, we have manually reviewed and extracted the information from the petition. This process can take a considerable amount of time due to the sheer volume of bankruptcy filings each week. We always try to provide you with the best possible data available, but some may not be perfect due to formatting issues or language barriers.