Will My Bankruptcy Be Published in the Paper?

This last week the rapper known as ‘50 Cent’ filed for bankruptcy and the news was all over the internet and the papers.   All court filings in this country with very limited exceptions are open to the public.  For that reason all bankruptcy filings are open to the public.  However, except for very important and well known celebrities and athletes, it is unusual for any bankruptcy petition to be published in the local newspaper.  Some clients at Checkett & Pauly confuse the foreclosure notices that are published in the local paper with bankruptcy notices.  Foreclosure notices have to be published as a matter of law.  Bankruptcy petitions are only published if the filing is somehow newsworthy.  While it is always possible, the chances of your bankruptcy or any other person’s bankruptcy hitting the internet or the newspaper is highly unlikely.