Jump to Navigation

New Jersey personal bankruptcy requires info disclosure

Many readers in New Jersey are aware that the filing of a bankruptcy requires disclosure of financial materials. In fact, in each personal bankruptcy that is filed, an individual must offer information as to their income, assets and debts. Unfortunately, one recent report notes that a large creditor, Citibank, may have inadvertently disclosed even more personal information than is necessary in many bankruptcy cases.

In a personal bankruptcy case in New Jersey, as with all other states across the nation, creditors can make claims in an attempt to obtain some repayment of the debts that they are owed. These claims are a common procedural requirement for creditors seeking repayment. However, the personal data of the individual who owes the debt is redacted so as not to be exposed.

In the recent case, Citibank failed to redact information such as birth dates and Social Security Numbers. This information was then made public. The creditor has settled a lawsuit related to the disclosure of personal information and now those affected can expect notification and a free year of credit monitoring.

The information disclosed by the person filing a personal bankruptcy in New Jersey and elsewhere is important to the effort to relief themselves from high amounts of debt that they may have accumulated. This is because debts that are not included in a personal bankruptcy may not be discharged or a part of a repayment plan. Such a filing can be a good choice for many people, though negligence like that of creditor Citibank can cause concern for some.

Source: The Wall Street Journal, "Citigroup Failed to Redact Personal Data from Consumer Bankruptcy Filings," Kristin Jones, July 15, 2013

Contact Us

Bold labels are required.

Contact Information

The use of the Internet or this form for communication with the firm or any individual member of the firm does not establish an attorney-client relationship. Confidential or time-sensitive information should not be sent through this form.

Subscribe to This Blog's Feed Visit Our
Bankruptcy Law Website

Office Location

Law Office of Robert Braverman, LLC

South Jersey
1060 North Kings Highway, Suite 333
Cherry Hill, NJ 08034
Phone: 856-254-2196 
Toll Free: 800-759-0767
Fax: 856-414-1230
Map & Directions

Willingboro Area Office
Law Office of Robert Braverman, LLC

1848 Burlington Mount Holly Rd (Route 541)
Mount Holly, NJ 08060
Phone: 856-254-2196
Toll Free: 800-759-0767
Willingboro Area Office

Center City, Philadelphia
15th Floor
1515 Market Street
Philadelphia, PA 19102
Map & Directions

Northeast Philadelphia
7909 Bustleton Avenue
Philadelphia, PA 19152
Map & Directions

FindLaw Network