As long as it is a truthful statement, disclosure should not create any problem with defamation. Do not embellish the information beyond that which is contained in the Court's notice. The court file is a matter of public record. You should be prepared to produce a copy of the Court's notice of filing in the event that you are questioned on it.When Bridgespan went bankrupt two years ago there was a lot of discussion about it on the web without consequence.
Fortunately, the bankruptcy laws have recently changed making it more difficult to file for a Chapter 7 liquidation. Depending on certain income levels determined by each state most filers will be required to file for a Chapter 13 repayment plan for individuals and a Chapter 11 reorganization for corporations and limited liability companies. Very often the corporations/LLC's were required to initiate the filing with a Chapter 11 reorganization, but were later permitted to convert to a Chapter 7 liquidation under the old law. I do not practice in the area of bankruptcy, but if I recall prior to the recent change in the law a Chapter 11 reorganization was also available to individuals.This may or may not still be true under the recent change.
to post a reply:
login - or -
register