Who Will Know About It?

No one ever WANTS to file bankruptcy, but then again no one ever wants to have heart surgery. Sometimes big problems NEED big help. (If you need help, call 210-930-7000 to schedule a free Debt Consultation.) Even though it may be necessary to file bankruptcy, most clients don’t want to announce from the rooftops that they’ve filed bankruptcy.

Although your bankruptcy paperwork filed with the US Bankruptcy Court is public record, typically no one other than those involved in your case become aware of it. You can’t search the bankruptcy records without a password, unless you take a trip to the US Bankruptcy Clerk’s office and you use their computer. As a result, unless you let people know you filed bankruptcy, or someone goes out of their way to check the public records, no one other than those involved in your case will find out you filed bankruptcy.

Bankruptcy filings are not normally published in newspapers, therefore the only people who usually find out that you are in a bankruptcy are creditors whose debts you have listed in your case. Within a couple of weeks of the filing of your petition, the U.S. Bankruptcy Clerk’s office mails your creditors notice of the filing and the imposition of the automatic stay. Until the creditors get notice, it may be necessary for you to supply the creditor with your case number and the date that you filed bankruptcy. Once they have been given notice, they must stop collection efforts against you or may be liable for court sanctions. Thankfully, for the vast majority of people, once their bankruptcy petition is filed that is the last they hear from their unsecured creditors.

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Contact Rick Flume - San Antonio Bankruptcy Lawyer