A unique alliance between the National Archives and Records Administration (NARA), the Judicial Conference Committee on Court Administration and Case, and historians, is set to reorganize the country’s bankruptcy records, reports the Third Branch, the blog of the Office of the U.S. Courts Office of Public Affairs.
Under the revised schedule for bankruptcy records, all bankruptcy dockets and opinions until 2009 will get sorted in all sorts of complicated ways. But the most interesting part is your chance to have a historic bankruptcy.
Court officials retain the ability to designate any case or adversary proceeding files as historic, based on the court's judicial perspective, and those cases will be retained and stored. Historically designated cases might involve a lawyer, litigant, or witness of historical importance; an issue of historical interest; a matter of national interest separate from the issues in the litigation; or have received substantial media attention at the time.
Yes, so that is your chance of being immortalized -- through a bankruptcy no less! Currently, the experts are only evaluating the dockets until 2009. But obviously if you have a bankruptcy going forward, you may get your chance again the next time the bankruptcy experts meet.
Other interesting facts include the fact that there are 1.1 million boxes of bankruptcy cases stored at the Federal Records Center. Storing these babies costs $6.2 million a year. Archiving these boxes would save about $2 million a year.
The archive will also retain all Chapter 12 Fishermen and Farmers cases. No doubt you were worried about that mysterious Chapter 12.
Most people don't realize that bankruptcy, like any legal area, provides jobs to an entire assortment of industries. Now that group of people that benefit from your bankruptcy also includes historians.
So, if you would like to help a PhD out, evidently, one way to do is to declare a bankruptcy.
Related Resources:
- Find an Atlanta Bankruptcy attorney (FindLaw)
- Chapter 12 Basics and Eligibility (FindLaw)
- Chapter 12 Confirmation Hearing (FindLaw)
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