As a top bankruptcy attorney office in Utah, we at Utah Bankruptcy are here to provide counsel on your case. We can answer all of your questions on bankruptcy. Our bankruptcy lawyers are at the ready to get to work and get you the best deal possible.
One of the most common questions we get from clients preparing to file bankruptcy is about whether their filing will become public record. The answer here is yes, but some people become far more concerned with this than they should be in reality. Let’s look at the basics on public records for bankruptcy, and why this shouldn’t be a big stressor on your mind.
Temporary, Not Permanent
Under US bankruptcy code, bankruptcy was created to help consumers struggling with debt, not punish them. Bankruptcy is not meant to be a permanent scar that ruins your future – rather, it’s meant to have temporary effects on your ability to obtain credit, loans and other financial transactions. Over time as you recover, these areas will become easier.
Actual Record Usage
In addition, the general public simply won’t have much interest in your bankruptcy filings. These records will only be of use to creditors and lenders, and while these records can stay on your name for up to 10 years, you can still get credit and improve your credit score during this time.
In many cases, worries about privacy stem from feelings of shame about having to file for bankruptcy. This is understandable, but know that they’ll only be used when someone is looking to pull your credit report. Instead of spending significant time worrying about this, you should be more concerned about getting a fresh start with your new finances and taking this opportunity to turn your financial life around.
For more on any part of bankruptcy, or to learn what our bankruptcy lawyers can do for you, contact Utah Bankruptcy today.