What About Privacy? Will my Friends and Family Find Out if I File?

Bankruptcy filings are public record.  However, the fact you filed is not something that is easy to obtain by your family, friends, employers, or general public. There is a public access system known as PACER which contains information regarding bankruptcy filings throughout the country.  Typically, one would need to go through the process of ordering access to an account themselves, or visit a local attorney's office who already has access, etc., in order to make an inquiry via a specialized PACER account.  Here is some typical bankruptcy questions regarding privacy answered:
  --> Remember, bankruptcies are not published in the newspaper these days.  Publishing local listings in the newspaper used to be a means of giving your creditors notice of your filing.  These days, it is simply no longer necessary, and creditors get notice via mailings by your attorney and the bankruptcy court.
  --> A bankruptcy can appear on your credit report for 10 years, but the effect it will have on your actual credit score is much shorter (around 2.5 years).  During this time, you are allowed by law to attach a personal statement of your situation that led to your decision to file to your credit report, which can help to answer questions the creditor may be unsure of.  Under the Fair Credit Reporting Act (FCRA), you have the right to attach a personal statement to your credit report. It isn’t much (just 100 words, or 200 words in the state of Maine), and it has no numerical value in the formula that generates your credit score.  Although not many take this approach, and instead simply move on with their lives, let their credit score build, and put the filing behind them once and for all, others take comfort in knowing that they have the ability to write these kinds of credit report notes.  
  --> Bankruptcy Court is a specialized, federal courthouse.  You will not be visiting your local district court any time during this process, so there is a very low chance of stumbling upon someone you may know while attending your 341 creditor meeting.  341 meetings take place at the Bankruptcy Courts only.  You, along with a bankruptcy trustee, and any creditors who decide to attend, will be in a room with many other individuals who are there for the exact same reason you are!  The bankruptcy courts deal with hundreds of bankruptcy petitions every month, so you have no need to worry about them making this a bigger deal than it has to be!  Remember, our attorney's are able to get your filing done right the first time!  We pride ourselves on taking all the stress out of your potential filing.

If you have any questions regarding privacy concerns surrounding a potential bankruptcy filing, please do not hesitate to call and speak to an attorney today.  These are issues we are understanding of, sympathetic to, and ready to address.

The Process of Buying A House in Massachusetts

A home is most likely the biggest purchase you’ll ever make in life. Planning to buy a house for the first time in Massachusetts and don’t know where to start? Here’s the step by step to buying your dream home: Arrange Your...

Massachusetts Bankruptcy Exemptions

  If you are having trouble covering all of your bills, and considering bankruptcy, you might wonder about some of your precious property such as a home or a vehicle, or sentimental possessions like the military uniform you received from the...

You Filed for Bankruptcy, Now What?

If you have recently filed for bankruptcy, either Chapter 13 or 7, then you have a fresh start. Even though you might feel quite a bit of relief after filing, you might be wondering how you can start rebuilding your life. The media often portrays...

When Should I Consider Filing Bankruptcy?

Simply put, when your monthly debt, including living expenses, loans, car payments, medical bills and credit cards are more than your income can support. Other possible reasons for filing are to avoid a foreclosure on your home mortgage,...

What is Bankruptcy?

Bankruptcy is a legal means of having certain debts forgiven or "discharged". A discharge eliminates the debt out of existence. Once a bankruptcy is filed with the Bankruptcy Court, all creditor actions are frozen. Even phone calls can no...

What Can I Keep After I File for Bankruptcy?

Most often, everything. Bankruptcy allows certain amount of different kinds of property to be kept by the Debtor. Under the state exemptions, you can keep up to $500,000.00 of your EQUITY in your home. Under federal exemptions, most automobiles are...

How Will Filing Bankruptcy Affect My Credit?

The damage of a bankruptcy filing to your credit is probably much less than you expect. (I'm shocked at how many people actually believe that you can't get credit cards or loans for 7 or even 10 years after filing). In fact, most people...

Exemptions

When filing Chapter 7 Bankruptcy, you are allowed to keep some or all of your assets. How much you can keep of any kind of asset is known as an "exemption". Simply stated, an exemption is the total value of any asset that is...
We're Passionate About Making a Positive Impact on People's Lives
Thank you for your work in my Bankruptcy case. I could not believe the process was so easy, even with our problems in the beginning. Your patience and kind words made it a pleasant experience. Now, I will be debt free for the first time since I can remember and I can enjoy the summer knowing I will be in my house for a long, long time.
Rating
| T.M & C.M, Foxboro, MA | Read More Testimonials keyboard_arrow_right