At King & King, we’ve worked with many clients who worry
about declaring bankruptcy. They may not be sure what the short-term and
long-term effects will be, they’re afraid it may be too difficult to file, or
they worry that filing bankruptcy may take too long. One question we get asked
quite often during our free consultation is: Will anyone know if I declare
bankruptcy?
Your bankruptcy won’t
be publicized
The bottom line is that although your bankruptcy will be
public record, it’s not advertised in a newspaper. Just remember you’re not
alone, thousands of people in the U.S. file bankruptcy every day. If you’re
having financial problems that are seriously impacting your life, don’t let
your privacy concerns be the only reason you don’t get a fresh start and a
better future.
Your creditors will
be notified
No matter if you file Chapter 7 or Chapter 13 bankruptcy,
the only people that will be notified are your creditors. The bankruptcy court
sends out official forms that notify them you’ve filed. This gives you an
automatic stay on all debt collection, which means that your creditors will no
longer be able to collect from you. No more phone calls at work, no more
letters at home – bankruptcy stops collections.
Your bankruptcy will
be public record
Your bankruptcy filing will be public record. Bankruptcy
records are available through a website run by the Federal Court System. In
order for one to find bankruptcy records, users must apply for an approved ID
and password. Once they have those, they must pay a fee to search for
bankruptcy filings. Searching for a bankruptcy is an incredibly tedious
process.
King & King will file your bankruptcy quickly and
correctly while putting a stop to creditors. We serve clients in Atlanta and
throughout the state of Georgia. To schedule a free consultation, call King and
King bankruptcy attorneys at 404-524-6400 or visit us at
www.kingandkingattorneys.com
