Will My Employer Know I Filed for Bankruptcy?
A bankruptcy filing is a public record. Considering this, it’s possible for anyone to find out about it. But when you think about it who would be looking through the records of those filing bankruptcy unless they suspected that it happened and they were snooping around. Typically, the employer of the debtor filing for bankruptcy will not know unless you owe him or her money and they are a creditor. If the individual filing bankruptcy owes their boss money, the boss will have to be listed as a creditor in the bankruptcy petition and will be notified of the pending bankruptcy filing. If the boss is a creditor, it would be a good idea to have a face-to-face with the employer and let them know before they receive the notice from the bankruptcy court in the mail.
The good news is, there are very stringent discrimination laws against anyone who discriminates against an individual for filing bankruptcy. The employer cannot terminate the debtor or do anything else like a demotion because of the bankruptcy filing. The bankruptcy court takes a very serious approach to those who discriminate against an individual after filing for bankruptcy. So basically, unless your employer has a reason to know, they most likely will never find out about the debtor filing bankruptcy.
Getting answers to those tough bankruptcy questions needs to be thought of before you make a decision when it comes to your financial problems. Finding the answers to help you understand your situation more clearly can help you make an informed decision about filing bankruptcy. Take a minute to call or fill out the form to have a FREE NO OBLIGATION CONSULTATION with a bankruptcy attorney in your area.