What are Face Sheet Filings?

To initiate a case, and gain protection from the automatic stay, face sheets may be filed as a temporary delay of the full form requirement. Supplementation is required within 15 days to avoid dismissal. When resorting to a partial filing of this type, a complete list of creditors is required in the format suggested by the court. Failure to follow filing instructions precisely usually results in dismissal. Also be aware, if a case is dismissed, the fact of filing a face sheet becomes a permanent record and will affect credit ratings for up to 10 years, and bar re-filing for at least 6 months.