Legal Events refer to several types of official proceedings to which a business is a party. These can indicate various levels of risk or deterioration for a business.
Creditsafe collects and publishes information about these legal events:
- Lawsuits (“Suits”) - Low-Moderate Risk
- Liens - Moderate-High Risk
- Legal Judgments (“Judgments”) - Moderate-High Risk
- Bankruptcies (“Insolvencies”) - Severe Risk
- Uniform Commercial Code Filings (“UCC”) - Very Low-Low Risk