No. There are countless examples of people and companies who have gone on to success after filing for bankruptcy. Instead of thinking of filing for bankruptcy as a personal failure, it’s a way for you to take charge of your finances and begin meaningful action.
Other than your Troy, AL bankruptcy attorney, your creditors, and anyone you tell, probably no one else will immediately know of your bankruptcy filing. If your repayment plan includes a payroll deduction, it is possible that employers will know of your filing. And even though bankruptcy filings are typically public records, it’s unlikely anyone from the public would dig for such information.