What Is A "Barebones" Filing?

If you are considering filing for bankruptcy, chances are you are anxious to get the show on the road. While there are ways to file your case in as little as a few hours, there are some things you need to know about these “barebones” filings.

Take The Time

A “barebones” bankruptcy filing refers to submitting only the minimum amount of information in your bankruptcy petition in order to be assigned a case number and have the automatic stay order issued.  This can be done in as little as 30 minutes. However, these types of submissions should only be used in a true financial emergency, such as halting a lawsuit or final day of a foreclosure.

The reason for taking more time to prepare for your filing is simple: you want to make sure that your case outcome is successful. Filing in a rush could lead to missing or inaccurate information, miscommunication about the state of your financial affairs, or even increase the risk you fail to complete a case requirement. All of these actions could lead to your case being dismissed.

In order to avoid complications with a barebones filing, consult with a Dallas bankruptcy lawyer. Your lawyer can review your financial situation in depth, discuss your options and answer any of your questions, even in a single consult. If you do decide to pursue bankruptcy, your lawyer can guide you through the process as quickly as needed to ensure you are protected along the way.