Emergency Bankruptcy Filling To Stop Foreclosure

If your mortgage lender is about to be forfeited, they may delay or stop the forfeiture process by filing a bankruptcy motion (also known as a foundation or skeleton petition). You might have more time to negotiate with the bank.

Note that Chapter 7 is only temporary, even though it avoids foreclosure. Chapter 13 is probably your best choice if you want to protect your home. Learn all about bankruptcy filing to deter sales of foreclosures and critical bankruptcy.

What is the emergency Bankruptcy report?

You can take advantage of self-stay by filing for bankruptcy if you do not have time to fill out all the required bankruptcy forms. You can file for bankruptcy for an emergency filing by completing some paperwork and taking a credit advice course. You will have 14 days to complete and forward the remaining documents to the Court.

An emergency report will stop selling foreclosures.

The rate at which a creditor may forfeit your home depends on state law. We recommend that you read it carefully when you get a foreclosure notice from the bank and decide on your foreclosure or escrow date. In most jurisdictions, you must notify the lender of your default in advance and wait until the foreclosure date is set.

If you file for bankruptcy (including an emergency case), the lender can stay indefinitely and avoid the selling of the mortgage. Bankruptcy may delay or prevent forfeiture until the house is sold. But if the lender sells your home, you no longer own it, and you can no longer save yourself from bankruptcy.

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How to submit a request for bankruptcy

In most cases, you can file a bankruptcy petition by completing the following forms:

  1. Form 101 – Voluntary petition on insolvency
  2. Type 121—Declaration of your social security numbers

All the names and addresses of your creditors (mailing list of creditors or mailing matrix-check your Court’s formatting requirements)

  1. The requirement of a Certificate of Conformity with Credit or Waiver and
  2. An entry fee, a request for waiving the fee or a request for payment of the fee in installments.

An emergency petition has been lodged, the remaining insolvency forms and arrangements will be submitted for another 14 days. Usually, the case is dismissed if you fail to do so (you may re-submit it immediately).

For information on foreclosure defense call us at (877) 399 2995. We offer litigation document review support, mortgage audit reports, securitization audit reports, affidavit of expert witness notarized, and more.


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