Emergency Bankruptcy Attorney New Rochelle NY - Call (877) 702-1984 FREE Consultation
What is an Emergency Situation Bankruptcy Filing?
People seek an emergency insolvency filing when lenders are threatening to take instant action to seize or offer assets. The emergency situation insolvency filing stops the lender as soon as you submit the main personal bankruptcy kinds.
Emergency Bankruptcy Attorney New Rochelle NY - Call (877) 702-1984 FREE Consultation
An emergency personal bankruptcy filing is a personal bankruptcy case filed without all the necessary types, usually to stop a collection action that impends, such as a foreclosure, repossession or wage garnishment.
The emergency situation filing triggers securities of the automated stay, stopping information all collections actions, and the filer is offered a particular quantity of time to submit the rest of their bankruptcy forms to the court. If these deadlines are not met, the case will be dismissed by the court, which ends the automatic stay defense.
Emergency Bankruptcy Attorney New Rochelle NY - Call (877) 702-1984 FREE Consultation
Why Do People File Emergency Bankruptcy Cases?
Many individuals in severe financial distress feel powerless. How would you feel if you were just served with a notice of foreclosure or a wage garnishment notification? Many are immobilized by the stress and anxiety this triggers. After all, these are large companies with many lawyers. How are you expected to stop them? Some individuals stick their heads in the sand and not do anything. Often, the individual has actually been working hard on another debt relief option and is surprised when they are served with a suit or foreclosure notification. They thought they had the issue taken care of and now this. These are the types of situations when emergency personal bankruptcies are needed.
Emergency Bankruptcy Attorney New Rochelle NY - Call (877) 702-1984 FREE Consultation
What's Needed for an Emergency Filing?
Even though an emergency filing includes only very little types being submitted to the court as part of the initial filing, everyone who looks for insolvency relief need to satisfy particular requirements and submit specific details 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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