Emergency Bankruptcy Attorney Albany NY - Call (877) 702-1984 FREE Consultation
What is an Emergency Insolvency Filing?
People look for an emergency situation bankruptcy filing when financial institutions are threatening to take instant action to seize or sell assets. The emergency bankruptcy filing stops the creditor as soon as you submit the main bankruptcy forms.
Emergency Bankruptcy Attorney Albany NY - Call (877) 702-1984 FREE Consultation
An emergency bankruptcy filing is a personal bankruptcy case filed without all the necessary types, normally to stop a collection action that is imminent, such as a foreclosure, foreclosure or wage garnishment.
The emergency filing activates defenses of the automatic stay, stopping all collections actions, and the filer is provided a certain amount of time to send the rest of their personal bankruptcy forms to the court. If these due dates are not satisfied, the case will be dismissed by the court, which ends the automated stay defense.
Emergency Bankruptcy Attorney Albany NY - Call (877) 702-1984 FREE Consultation
Why Do People File Emergency Bankruptcy Cases?
Lots of people in extreme monetary distress feel helpless. How would you feel if you were simply served with a notice of foreclosure or a wage garnishment notice? Lots of are disabled by the stress and anxiety this triggers. After all, these are large business with numerous attorneys. How are you expected to stop them? Some people stick their heads in the sand and do nothing. Often, the person has actually been striving on another financial obligation relief service and is amazed when they are served with a lawsuit or foreclosure notice. They thought they had the issue looked after and now this. These are the Emergency Bankruptcy Attorney Albany NY kinds of circumstances when emergency situation insolvencies are necessary.
Emergency Bankruptcy Attorney Albany NY - Call (877) 702-1984 FREE Consultation
What's Needed for an Emergency Filing?
Even though an emergency filing involves just minimal kinds being submitted to the court as part of the preliminary filing, everybody who seeks insolvency relief must satisfy certain requirements and submit particular info to the court.
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*DISCLAIMER*
The information in this video is not intended to provide legal advice or to create an attorney-client relationship; but is intended for general education and information purposes only. Laws change periodically, therefore the information in this video may not be accurate. It is imperative that you seek legal counsel in order to determine your rights and obligations under the law and based upon your specific circumstances.
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