How to Tell Family And Friends About Your Bankruptcy

A bankruptcy can be a very public process in the United States. Court records are made public and it’s easy to find out about your bankruptcy through the process of a quick background check. There are even some newspapers that will publish the names of people filing for bankruptcy in a jurisdiction in order to prevent creditors from contacting them. It’s very unlikely that your friends and family are going to conduct a background check on you but it may be wise for you not to keep your bankruptcy a secret so that your financial situation can be more transparent. Explaining to your friends or family why you don’t have a credit card or why you haven’t purchased a home yet can help keep everything on the table. It is difficult for you to keep the bankruptcy secret especially when you’re undergoing the process.

The process of filing for bankruptcy is not meant to be stress-free. It often requires you to give up all of your credit cards and to rely only on your personal expenses. It’s also possible that you may be denied new credit products for a few years and that your credit score may continue to fluctuate through the process of bankruptcy. There is no reason why you should have to defend your actions for bankruptcy. Stressing about your friends and family judging you for the process or experiencing disapproval is not something that you should consider. Instead, focus on the future after bankruptcy and how your bankruptcy is working to help you..

If you are considering the process of filing for bankruptcy and you could use support in preparation for your bankruptcy, contact our skilled attorneys today. We can help you prepare for your bankruptcy case!

This post was written by Trey Wright, one of the best bankruptcy lawyers in Tallahassee! Trey is one of the founding partners of Bruner Wright, P.A. Attorneys at Law, which specializes in areas related to bankruptcy law, estate planning, and business litigation.

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