Who is notified when you declare bankruptcy?
Who is notified when you declare bankruptcy?
Under bankruptcy law, certain parties will be notified of your bankruptcy. These parties include creditors, child support recipients, and co-signers or co-debtors of loans. Your landlord may not want to know, but he must be aware if you fall behind on rent. The bankruptcy court will notify him, and you must give them notice of your bankruptcy. However, if you have a co-signer, your landlord will be notified as well.
While most employers are not notified when you file for bankruptcy, there are instances where your employer receives a notification. In some cases, a bankruptcy trustee will contact your employer to verify your income. This can be a serious problem, as your employer may have to pay back the money owed to you.
Potential employers may also learn about your bankruptcy from a credit report, and you may have trouble getting a job. While most employers will not disclose your bankruptcy, you should tell prospective employers about it if you're applying for a job. However, if you don't want your potential employer to know, you can inform prospective employers about your bankruptcy.
When you file for bankruptcy, you will be assigned a trustee. This person will notify your creditors and schedule a hearing. The process is different depending on the type of bankruptcy. Your state law may have different bankruptcy exemptions, so make sure you consult your state's bankruptcy law before filing for bankruptcy.
If you have any questions or need a Bankruptcy Attorney, please call this law firm for a free consultation.
Ascent Law LLC
8833 S Redwood Road Suite C
West Jordan UT 84088
(801) 676-5506
