Emergency Bankruptcy Attorney Mount Vernon NY - Call (877) 702-1984 FREE Consultation
What is an Emergency Personal Bankruptcy Filing?
People seek an emergency situation personal bankruptcy filing when financial institutions are threatening to take immediate action to take or offer possessions. The emergency bankruptcy filing stops the financial institution as soon as you file the main insolvency kinds.
Emergency Bankruptcy Attorney Mount Vernon NY - Call (877) 702-1984 FREE Consultation
An emergency personal bankruptcy filing is an insolvency case submitted without all the necessary types, generally to stop a collection action that impends, such as a foreclosure, foreclosure or wage garnishment.
The emergency situation filing triggers protections 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 deadlines are not satisfied, the case will be dismissed by the court, which ends the automatic stay protection.
Emergency Bankruptcy Attorney Mount Vernon NY - Call (877) 702-1984 FREE Consultation
Why Do People File Emergency Bankruptcy Cases?
Many individuals in serious financial distress feel powerless. How would you feel if you were just served with a notification of foreclosure or a wage garnishment notice? Numerous are disabled by the anxiety this triggers. After all, these are big business with numerous attorneys. How are you expected to stop them? Some individuals stick their heads in the sand and not do anything. Sometimes, the individual has actually been working hard on another financial obligation relief solution and is surprised when they are served with a suit or foreclosure notice. They believed they had the issue taken care other of and now this. These are the kinds of situations when emergency insolvencies are needed.
Emergency Bankruptcy Attorney Mount Vernon NY - Call (877) 702-1984 FREE Consultation
What's Needed for an Emergency Filing?
Even though an emergency situation filing involves just very little kinds being sent to the court as part of the preliminary filing, everyone who seeks insolvency relief must meet certain requirements and submit certain 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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