Will everyone find out if I file bankruptcy?
This question pops up from time to time in bankruptcy intakes. I understand the concern. Bankruptcy is a private issue, and we don’t want news of our bankruptcy filings to become local gossip.
Could everyone find out? Yes, sure I suppose technically everyone has the ability to look you up on PACER and find out that you filed bankruptcy. That information is technically public.
I think the more important questions is “will everyone find out?” When was the last time you logged into PACER to find out if someone had filed bankruptcy. Never. Odds are you don’t know what PACER is. The only people who know what PACER is are lawyers, paralegals, legal secretaries, legal interns… okay, only people who work in law offices.
So while it’s technically public, unless you tell someone, odds are they won’t find out. People will see it when they do a credit check and people who are listed on the mailing matrix will receive notice, but that’s generally it.
A lot of people file bankruptcy. It happens every day (well, every business day at least), but you don’t hear about it because, while the information is technically public, it just isn’t published anywhere and no one cares to look it up.
To find out more about bankruptcy, click here.
Well, there’s no bankruptcy minimum technically. You have to decide whether it’s worth it for you. If you make $30,000.00 a year, a $10,000.00 debt is going to be a significant burden for you while it will be less burdensome to someone who earns $60,000.00.
Even if your total amount of debt is rather low, if you’re not able to afford the payments after paying for your necessities, that amount of debt is probably too much for you. When you start missing payments, you’ll start to see that debt grow from fines and penalties.
So, there’s no minimum amount of debt for filing bankruptcy, well, you should probably owe more to creditors than you would have to pay to an attorney. If you’re not sure, you should get a bankruptcy consultation, they should be free, so there’s not really any risk involved.
To get a free bankruptcy consultation click here.
Can I declare bankruptcy because I have too many medical bills?
I was recently asked this question, and it reminded me that a lot of people don’t know the full extent of what bankruptcy can do. I was asked if too many medical bills was a ground for filing bankruptcy.
Well, you don’t really need a ground for filing bankruptcy. You probably have a reason, and that’s too many debts and not enough money to pay them. That could be because you got a divorce, had your hours cut at work, had a new baby, had a shopping addiction…
It could also be because you incurred a lot of medical bills. We just can’t predict everything that’s going to happen, and sometimes things we need aren’t covered by medical insurance. Medical debt is just as dischargeable as the rest of it.
If you have too much medical debt you can talk to a bankruptcy attorney here.