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Bankruptcy Law Frequently Asked Questions (FAQs) | Missouri & Illinois Common Bankruptcy Legal Questions

Q: Does everyone know I filed bankruptcy?

A: Unless you're famous, chances are very good that the only people who will know about a filing are your creditors and the people you tell.  While it's true that your bankruptcy is a matter of public record, the number of filings is so massive, that unless someone is specifically trying to track down information on you, there is almost no likelihood that anyone will even know you filed.

However, you have to make sure you don’t slip and tell someone.  Telling someone that you filed bankruptcy is just good gossip.  Just like telling someone that you heard so-and-so is getting a divorce or has cancer.  So, if you don't want everyone you know to know you filed bankruptcy, you need to keep the information to yourself.  

As for newspapers, my experience is that most papers don't include information about who filed bankruptcy, and even if they did, think about it...who would be interested enough to read that stuff?

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