Q: If you file bankruptcy, does a list get sent out to all the surrounding banks, etc?
A: Notification of the bankruptcy filing only gets sent to creditors or other relevant parties. There is no list sent out to all banks.
A: The list only gets sent out to those creditors you place on your bankruptcy schedules. That said, you must disclose all debts that you have or else your bankruptcy case will be dismissed. Additionally, the bankruptcy will be on your credit report, so if you're thinking you can file bankruptcy and walk into a different bank the next day to get a credit card, odds are that won't work.
A: No, a list does not get sent out to banks who were not listed as creditors in your case. However, when you apply for a loan, the bank will likely inquire as to whether or not you have filed for bankruptcy relief. It will also appear on your credit report for up to 10 years.
Justia Ask a Lawyer is a forum for consumers to get answers to basic legal questions. Any information sent through Justia Ask a Lawyer is not secure and is done so on a non-confidential basis only.
The use of this website to ask questions or receive answers does not create an attorney–client relationship between you and Justia, or between you and any attorney who receives your information or responds to your questions, nor is it intended to create such a relationship. Additionally, no responses on this forum constitute legal advice, which must be tailored to the specific circumstances of each case. You should not act upon information provided in Justia Ask a Lawyer without seeking professional counsel from an attorney admitted or authorized to practice in your jurisdiction. Justia assumes no responsibility to any person who relies on information contained on or received through this site and disclaims all liability in respect to such information.
Justia cannot guarantee that the information on this website (including any legal information provided by an attorney through this service) is accurate, complete, or up-to-date. While we intend to make every attempt to keep the information on this site current, the owners of and contributors to this site make no claims, promises or guarantees about the accuracy, completeness or adequacy of the information contained in or linked to from this site.
