Is Personal Information Revealed During Bankruptcy?

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Is Personal Information Revealed During Bankruptcy?

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Unable to meet financial commitment is a cause of embarrassment for most people. Majority of them choose to file for bankruptcy to get rid of debts and often avoid letting the news of their bankruptcy out. Many times, they don’t even discuss these issues with their closest friends. Thus, disclosing it to employers or landlord etc. is out of the question. While filing for bankruptcy, a lot of personal information is shared, and this is a major cause of worry for them. Since bankruptcy filing is public information, people are worried as to what happens to the personal information when they file for bankruptcy. Moreover, since disclosing of probable bankruptcy can have an adverse effect on their job, their worry is genuine.

According to Los Angeles based bankruptcy law firm Recovery Law Group , when you file for bankruptcy, a notice is sent to all your creditors mentioned in the bankruptcy papers. If you owe money to your landlord, and the name is listed in your papers, they will be notified of your bankruptcy. However, you don’t need to worry about other personal information supplied along with bankruptcy papers to be disclosed during the proceedings. Since your tax identification number or social insurance number is not provided in the bankruptcy papers, you don’t have to worry much.

Bankruptcy is aimed to provide financial relief to people who have been struggling with debt. A qualified bankruptcy lawyer will ensure that not only do you get a timely discharge of debts but also that your personal information is protected. If you wish to make maximum use of bankruptcy relief options, you need to call at 888-297-6023 to speak with experienced bankruptcy lawyers Los Angeles.