New Bankruptcy Website Stores Downloaded PACER Documents for Free Reading
Posted Apr 19, 2012 8:41 AM CST
By Debra Cassens Weiss
A new website called Inforuptcy is touted as a cheaper alternative to PACER for users searching for bankruptcy documents.
The site charges users the regular PACER fee for documents that are not yet in its database. After a document is accessed, however, it remains in the website database for future users, according to the Wall Street Journal blog Bankruptcy Beat. Searching and reading a downloaded document in HTML are free, but downloading a PDF in Inforuptcy’s database costs half of the PACER fee of 10 cents a page.
Bankruptcy Beat’s search for bankruptcy documents led to PACER download charges.
That will change as more people use Inforuptcy, according to co-founder Michael Mikikian. “The more people who bypass PACER.gov and use our site instead, the more we will be able to share that information with the public,” he told Bankruptcy Beat.
The idea is similar to a service called RECAP that provides downloaded PACER documents, the story says.