Before you decide to file for bankruptcy, listen to John Ernst from Ernst & Partners, Bankruptcy Attorneys in Duluth, GA, clear up common misconceptions about filing for bankruptcy.
I'm worried that everyone will know I've filed for bankruptcy.
Unless you're a celebrity or a major corporation and the filing is picked up by the TV stations, the chances are very good that the only people who will know about a filing are your creditors. There is no one coming by your house and putting a sign out in your yard that you filed for bankruptcy.
While it's true that bankruptcy is a public legal proceeding there is no newspaper out there that are running the names of people who filed and even if there was one, no one would read that paper. Likewise, in an interview for a job later, if they ask if you had filed bankruptcy I would answer truthfully because they could check.
That question is more of making sure that you are truthful unless you are applying for a high level banking job or accounting firm which may have restrictions against people filing bankruptcy. Those are only a few jobs out there.
Since the crash, the numbers of people having to file was so massive that stigma against filing is not as bad. Even Donald Trump’s business have filed for bankruptcy to restructure the debts.
Watch more of our bankruptcy videos here.
Here is more bankruptcy information from the State Bar of Georgia
No comments:
Post a Comment