Who Will Know I’ve Gone Bankrupt?

Who Will Know I've Gone Bankrupt

Unless you are a prominent person only your creditors will know you have filed bankruptcy.

The trustee will not tell your employer you filed.

When you file bankruptcy nobody will know that you have gone bankrupt in almost all cases unless you tell your friends, family or neighbors.

However, if there are significant assets in your bankruptcy then a notice will be placed in the “legals” section of the newspaper or online.

The purpose of this notice is to notify the creditors of the date of the meeting of creditors. In a bankruptcy with minimal assets then the creditors will be notified by a letter in the mail and there will be no mention of the bankruptcy in the newspaper or online.

In a bankruptcy with minimal assets the creditors will be notified by a letter in the mail and there will be no mention of the bankruptcy in the newspaper or online.

When you file bankruptcy in Canada a public document is created and the general public has access to this document if they so choose.

However, in the vast majority of all bankruptcy filings nobody will know that you have gone bankrupt. The public document created is intended to notify the credit bureaus.

A record of your bankruptcy filing will remain on your credit report for 6 years or 14 years (2nd bankruptcy).