Okafor Electric Inc.
3 items, 412 GB available
Every closed company has one more asset: data.
We buy the records a closed company leaves behind, remove anything personal, and pay the estate.
- No fees to us
- Personal data removed
- Follows your approval process
General_ledger.xlsx
Invoices_2019-24.xlsx
Vendors.xlsx
Recoup
Okafor Electric Inc.
Records receivedPending
Sale approvedPending
Payment sentPending
RecoupPayment sent to the estateOkafor Electric Inc. records
nowWhen a company closes,
its records usually end up in the trash.
We step in before they're gone,
and pay the estate for the files.
Recoup
Don't trash your records. Sell them.
Records from the systems businesses already use
Excel & CSV
Most of what closed companies leave behind gets destroyed.
26,941
business bankruptcies filed in the year to June 2026, up 17% from the year before.1
$10M+
bid for an airline's internal business records at a 2026 bankruptcy auction.2
What makes records valuable
Small operators
Accounting files and invoices. Often most valuable when combined with similar companies.
Mid-sized companies
Several years of accounting, project, inventory and operations data. Usually enough for a stand-alone sale.
Larger companies
Multi-year archives across many systems. Can support a competitive sale.
- U.S. Courts, bankruptcy filings for the 12 months ending June 30, 2026.
- Spirit Airlines bankruptcy sale, August 2026, as reported in the press.
Where the records come from
We track business bankruptcy filings nationwide and identify the companies whose records are worth preserving.
- Filings reviewed
- 604
- Companies identified
- 201
- Industries
- 7
Business Chapter 7 filings, July to mid-October 2026. Related entities in one group are counted separately. Patient records are always excluded from a purchase.
Companies identified, by industry
Why sellers work with us
Recovery for creditors
We pay the estate for records it would otherwise store or abandon, adding to what creditors receive.
Simple for the seller
A short email to start, a clear written offer, and we handle collection and removing personal details.
For every kind of closing
Court-supervised or not, the sale follows whatever approval the situation requires.
How a sale works
Most of the work is on our side. Your role is to tell us what exists and approve the terms.
Best fit: companies with 10 or more employees and several years of records. Smaller estates are welcome too; we may combine similar companies.
- 1
You tell us what exists
The company and what survives: an accounting system or export, invoices, purchase orders, operating files.
- 2
We make an offer
A price paid to the estate, with clear terms on what we take and what we exclude.
- 3
The sale follows your process
Court approval, lender consent or a board sign-off, whatever the situation requires.
- 4
We collect and anonymize
We copy the agreed records, remove personal and confidential details, and store them securely.
Records we acquire
- Accounting files and general ledgers
- Invoices, bills and payment records
- Purchase orders and vendor records
- Inventory and operations data
- Engineering and project files
Privacy handled up front
How we handle records, and we're glad to put it in writing in the purchase agreement.
- Excluded at the sourcePatient, consumer, employee and privileged records are left out of the sale entirely.
- Removed before useNames, contact details and account numbers in the remaining files are replaced with codes.
- Never resold in identifiable formOnly de-identified data leaves our systems.
- Stored securelyKept in secured storage, with access limited to people who need it.
- Reviewed when requiredIf the court appoints a privacy reviewer, we'll work with them on what can be transferred.
recoup_intake.xlsxSaved
| Company | Record type | Files | Status |
|---|
IntakeDe-identifiedOffersFiles: 0
Questions trustees ask
Don't see your question? Get in touch and we'll answer it directly.
What does it cost?
We don't charge any fees. We pay the purchase price and cover our own costs of collecting and anonymizing the records. Any costs on your side, such as counsel time for a sale motion, depend on the case.
Is the sale court-approved?
Yes. We buy only through the process the case requires, typically a sale motion with notice to creditors and a court order. We're happy to work with your counsel on the paperwork.
What do you take, and what do you leave out?
Accounting systems and exports, invoices, purchase orders, vendor records, and operating and project files. We leave out patient and health information, consumer personal data, employee personnel and payroll records, and privileged material.
What happens to the records after the sale?
They're stored securely with personal details removed, then licensed as anonymized data for analytics and AI training. We never resell records in identifiable form.
What size of company are you looking for?
Usually companies with 10 or more employees and several years of records. If yours is smaller, tell us anyway; we may combine similar companies into one purchase.
How long does a sale take?
It depends mostly on the notice period and approval the case requires. We respond quickly on our side and move as fast as the process allows.
Closing a company, or handling one that has?
Send a short note on the company and what records exist. We'll reply with next steps.
Recoup is run by three founders with backgrounds in finance, restructuring and product.
Or email
hello@recouprecords.com