Filing for bankruptcy is a stressful and personal matter, and for many, it’s also slightly embarrassing. Though there’s absolutely no need to feel embarrassed about filing for bankruptcy, many people still do, which leads them to wonder if anyone will know if they file for bankruptcy. Please continue reading and reach out to our experienced Bergen County bankruptcy lawyer to learn more about whether filing for bankruptcy in New Jersey is a private matter, whether it’ll impact any of your loved ones, and how our legal team can help guide you through each phase of the process. Here are some of the questions you may have:
Is filing for bankruptcy private in New Jersey?
Unfortunately, bankruptcy is something that becomes part of the public record, which means that no, filing for bankruptcy is not strictly a private matter. However, in most cases, you don’t need to worry about other people knowing that you file for bankruptcy, as typically, only your creditor, lawyer, and the bankruptcy court will know about your filing for bankruptcy.
Will filing for bankruptcy affect others, such as my spouse?
Another very common question we’re asked is whether filing for bankruptcy will impact a loved one, such as a spouse. Fortunately, as long as your spouse didn’t co-sign or guarantee payment of your debt, filing bankruptcy will not impact your spouse. You should note, however, that more recently, credit reporting agencies have included “additional cardholder” accounts on individual’s credit cards, meaning that if your spouse files for bankruptcy and is listed as an “additional cardholder” on your account, he or she filing for bankruptcy will appear on your account. For this reason, it’s typically best for your spouse to check their credit report before you file for bankruptcy. If you’re listed as an “additional cardholder,” you should cancel your credit card before you file.
If you have any additional questions about how bankruptcy works in the state of New Jersey and how to keep your legal matter as private as possible so you can move on with your life, please don’t hesitate to reach out to our competent legal team today. If you haven’t yet filed and are looking to, our legal team is here to help. We’ve fought for countless individuals in your position over the years, and we’re prepared to fight for you as well. All you need to do is pick up the phone and give us a call so we can get started working on your case.
CONTACT OUR EXPERIENCED NEW JERSEY FIRM
Whether you’re facing sex crime charges, require assistance filing for bankruptcy, or are looking to go through foreclosure mediation, Contact the Law Office Boyd & Squitieri today.