is there any penalties or consequences after filing for an ermergency bankruptcy but not going trough it ?9could it be dismissed?
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Read More Answered By: Richard Ravosa |
If you choose to do nothing further than file an emergency petition, your case will eventually be dimissed. If you file what is referenced to as a "skeleton petition" and do not file the remaining documents pursuant to an "order to update" your case will be dismissed sooner.
After your case is dismissed, your creditors will be notified via "Notice of Dimissal" and can move forward with any actions they may have taken before you filed as you will no longer have the protection of the Bankruptcy Court otherwise know as the "automatic stay."
Please keep in mind that a dismissal may impact your ability to obtain the protection of the Bankruptcy Court in a second case beyond 30 days.
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