Monitor bankruptcies

This guide describes how to monitor a business for new bankruptcy filings with subscribed businesses on Middesk’s Identity Platform.

Bankruptcy Monitoring helps you stay informed when a monitored business enters bankruptcy. When a new bankruptcy is detected, Middesk updates the business record and sends a bankruptcy.created webhook event.

Bankruptcy Monitoring is available when a business has SOS registrations. If Middesk can’t tie a business to registrations, the bankruptcy monitor may be unavailable for that business.

Prerequisites

Before you begin:

Ensure that you can authenticate against the Middesk API, create businesses, and ingest Middesk results with webhooks

Learn the monitoring lifecycle

Here’s the typical lifecycle of monitoring for bankruptcies:

A business gets created with the POST /businesses endpoint.

The business is subscribed to Bankruptcy monitoring (using the bankruptcy event type).
Middesk monitors the business for new bankruptcy filings.
A webhook event is sent to registered webhook endpoint(s) when a new bankruptcy is detected (bankruptcy.created).
The client application ingests and evaluates the change in the business record.

For a full list of webhook events, see Webhook events. For details on the bankruptcy data model, see the Bankruptcy object.