Who knows that I have been declared bankrupt?

[Beat My Debt]

Your name and address is published in your local newspaper and the London Gazette. It is also recorded on the national insolvency register that is accessible to the public via the internet. However there would have to be a reason for someone to actively check the register.

Your employer is not formally notified of your bankruptcy, but it is possible they may find out if the court applies for an attachment of earnings (where a payment is taken straight from your wages for your creditors). This is easily avoided however by making your monthly payments to your trustee when asked to do so.

If you are renting your property, your landlord will be told that you have been declared bankrupt. Therefore it is advisable to discuss this with your landlord before the event. Most landlords will be happy for you to remain in the rented property even if you are declared bankrupt as you will no longer have the burden of unsecured debt and are therefore more likely to be able to maintain your rent payments.

[Steve Jackson]

Hi there everyone

Just a quick update to this post. In 2009 the rules about advertising bankruptcies were changed. As such, it is no longer necessary for the official receiver (OR) to advertise the bankruptcy in the bankrupt's local newspaper. As such, this will normally no longer happen unless the OR believes that it is important to do so. This may therefore still happen in some cases where the bankrupt is a sole trader, however generally the bankruptcy will not be advertised.