One of the things that keeps many people from filing for bankruptcy even when they need it is the fear that their financial problems will become a matter of public record. Will you be put on some sort of bankruptcy list, and will this blacklist hurt your future chances of purchasing a home or getting a brand-new car you were hoping for?

And what about your nosy neighbors and relatives who could find out about your financial woes? Well, it’s true that your bankruptcy filing will become a matter of public record, and if people want to do some digging they could probably find out about it. After all, we are living in an increasingly paperless and electronic world, which means that records may become more accessible to prying eyes.

This lack of privacy could negatively affect your credit and overall reputation among your family members or friends. However, this should not be the primary concern if you are considering filing for bankruptcy. If you’ve gotten to this point, then you are obviously in some serious financial trouble. That means you need to do everything you can to help you and your family get off to a fresh financial start.

I’m not saying that bankruptcy is necessarily right for you. You should discuss things thoroughly with a good attorney before you make any final decision, you should make the decisions based on your financial needs and not on pride or fear of a public bankruptcy list.

This kind of publicity probably is not a big deal unless you live in a small town where people like to gossip about everyone’s problems. Besides, bankruptcy does not have to be the end of your financial life; rather, it should be seen as a second chance for when you are overwhelmed by your credit card or other debt problems. Just make sure to make a decision for the right reasons and don’t worry about any bankruptcy list.