Emergency Bankruptcy, Foreclosure, Automatic Stay

Dealing with finances can be a stressful time for you and your family. You shouldn’t have to worry about losing your home when facing debts. Bankruptcy may provide you and your family with a faster solution when you’re faced with foreclosure. If you are wondering how to stop foreclosure and keep your home, emergency bankruptcy may be a solution. 

Emergency bankruptcy, also known as “bare bones” bankruptcy, is a petition that can be filed without all of the required paperwork. Emergency bankruptcy may also be used as a way to stop creditors from taking back property without court approval. You may also be able to avoid foreclosure.

Don’t wait until it’s too late to stop a foreclosure. John Dunlap is an experienced attorney that may be able to help save your home through emergency bankruptcy. Call today to get a free 30 minute session to discuss your case.

Does bankruptcy stop foreclosure? 

An emergency bankruptcy filing may stop foreclosure at the last minute if your house is at risk of being sold. Additionally, filing for an emergency bankruptcy may buy you more time with the bank or creditors.

The normal bankruptcy process can take a while. An average petition to file for bankruptcy can be 50 pages worth of documents or more. After filing all of the proper documentation that is needed, it can take weeks before a bankruptcy is approved. Additionally, the automatic stay won’t go into effect until all the bankruptcy paperwork is filed. 

Emergency bankruptcy may offer a much faster solution if you are facing foreclosure. Emergency bankruptcy may be able to stop a foreclosure in the process or get your home back through the automatic stay. 

Because an emergency bankruptcy takes less time to complete, the automatic stay can go into effect much faster. The automatic stay stops creditors from collecting on debts that you owe. Once bankruptcy is filed, the automatic stay goes into effect immediately. 

When bankruptcy’s automatic stay goes into effect, creditors are not allowed to collect on debts or assets. You may be able to file emergency bankruptcy and stop creditors from collection in 14 days or less.  

When you are facing foreclosure, wage garnishment, or repossession waiting for all the paperwork to be completed may take too long. The automatic stay can be put into place once you and your attorney files the emergency bankruptcy petition. This may stop any foreclosures, repossession, or debt collection that you face and allow you to make a plan to deal with your finances. 

When you don’t have time to wait, you may need to act quickly. If you find yourself facing foreclosure, debt collection, or repossession, we may be able to help you protect your assets.

John Dunlap is an experienced attorney that is well versed in emergency bankruptcy. Call today to get a free 30 minute session to discuss your case. Don’t let creditors take advantage of you.