One dark, stormy night in the Mankato, Minnesota area, Kevin sat alone in his den. He was looking through bank statements, wondering how he’d be able to cover both his medical bills and his son’s college tuition for the rest of the year.
Lightning flashed in the distance. Kevin started, looking from the dark window towards the ticking cat-eye clock on the kitchen wall. The time had come. He was prepared to file his skeleton petition for bankruptcy.
At this point in the story, you should be screaming, “Stop, Kevin! Don’t do it!” Kevin is about to make a mistake. Filing a skeleton petition for bankruptcy is dangerous, and almost always inadvisable.
So, how can you become a hero in your own scary story? Here are three things to do in order to avoid skeleton petitions:
- Do your research: What, exactly, is a skeleton petition? These petitions, often referred to as “skeletons” or “ghosts,” are filed in bankruptcy court with minimal information, in order to avoid foreclosure. These documents are usually three or four pages long, whereas typical petitions are twenty to thirty pages long.
- Do find a professional attorney: Folks usually don’t file a skeleton petition if they’re working with a trained, professional bankruptcy attorney. If you are advised to file a skeleton petition, it’s a sign that your attorney is either inexperienced or unprofessional.
- Do go through the process: Often, people file skeleton petitions in order to avoid the entire bankruptcy process or to delay foreclosure. However, skeleton cases are typically dismissed. This means that you’ll need to file again, and ultimately, you’ll need to go through the traditional bankruptcy procedure within a court.
If you live in the Mankato, Minnesota area, don’t make Kevin’s mistakes. You can avoid skeleton petitions, and as a result, your scary story might not be so scary after all.
In fact, with the help of the professionals at Behm Law Group Ltd., it could be a story with a very happy ending. So take control of your plotline; contact Behm Law Group Ltd. today!