Bankruptcy is most often the last resort for people who have nowhere to turn to and no protection against the creditors that are coming after whatever they have left. In a lot of cases, it's a burning bridge kind of strategy. But even in the worst-case scenario, it offers you a chance to start anew. And more importantly, it pulls you out from the strain caused by constantly harassing creditors. Filing for bankruptcy is a thorough and lengthy process. It requires a lot of documentation, jumping through several legal hoops and waiting for at least a few months to completely get it over with. But in a lot of cases, you don't have a few months. You might be severely in debt, with creditors about to take last-resort collection actions against you. In these scenarios, it can be in your favor to know how to file for bankruptcy in an emergency.
Emergency Bankruptcy Filing
When you are short on time, or you need to stop creditors from taking action against you, you can file an online emergency bankruptcy. It's also called a skeleton filing. The name is apt because, in an emergency bankruptcy filing, you submit the bare bones of the documents and issues. This filing only requires you to send in a few of the basic documents to start the process. After that, you get a 14-day window to submit the rest of the forms. If you fail to do so, your bankruptcy case can be thrown out.
Important Documents and Steps of the Process
For an emergency bankruptcy filing, you need to send the following documents:
- Your Bankruptcy petition – It should contain all the necessary identifying documentation, chapter details, and other important information.
- List of creditors – It's called a creditor mailing list, and it should be a complete overview of what you will be filing in the later forms.
- Disclosure for attorney fees.
- Form B121 – It's your statement about your social security number.
- Electronic filing declaration
In most cases, these documents constitute your emergency bankruptcy filing. But it would be better if you check in with your court's clerk or visit their website on the exact procedure and documents you need to submit for an emergency bankruptcy filing. You will need to file the original forms and a set number of copies with the court clerk. Ideally, you can submit the whole fee, but if you can't, you can submit a fee waiver application or a request for submitting the fee in installments.
It might be too tenuous a task to perform on your own, especially if you are already under a financial strain. At the law office of Sean T. Flynn, we can help you understand and complete the emergency bankruptcy filing procedure. If you have any queries, consultancy requests, or if you require our assistance in filing for bankruptcy, don't hesitate to give us a call. We will do our best to help you through this tough stage and get a clean start.
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