Emergency Bankruptcy Attorney Yonkers NY - Call (877) 702-1984 FREE Consultation
What is an Emergency Situation Personal Bankruptcy Filing?
People look for an emergency situation personal bankruptcy filing when lenders are threatening to take instant action to seize or offer possessions. The emergency personal bankruptcy filing stops the lender as soon as you submit the primary bankruptcy types.
Emergency Bankruptcy Attorney Yonkers NY - Call (877) 702-1984 FREE Consultation
An emergency situation insolvency filing is an insolvency case submitted without all the required types, normally to stop a collection action that is imminent, such as a foreclosure, foreclosure or wage garnishment.
The emergency situation filing activates defenses of the automated stay, stopping all collections actions, and the filer is given a certain amount of time to send the rest of their insolvency forms to the court. If these due dates are not fulfilled, the case will be dismissed by the court, which ends the automatic stay defense.
Emergency Bankruptcy Attorney Yonkers NY - Call (877) 702-1984 FREE Consultation
Why Do People File Emergency Bankruptcy Cases?
Many individuals in serious financial distress feel defenseless. How would you feel if you were simply served with a notification of foreclosure or a wage garnishment notice? Lots of are incapacitated by the stress and anxiety this causes. After all, these are large business with lots of attorneys. How are you supposed to stop them? Some people stick their heads in the sand and do nothing. In some cases, the person has actually been working hard on another financial obligation relief option and is surprised when they are served with a lawsuit or foreclosure notice. They believed they had the problem taken care of and now this. These are the types of scenarios when emergency situation insolvencies are required.
Emergency Bankruptcy Attorney Yonkers NY - Call (877) 702-1984 FREE Consultation
What's Needed for an Emergency Filing?
Although an emergency situation filing involves just very little forms being sent to the court as part of the initial filing, everybody who looks for bankruptcy relief should satisfy certain requirements and send 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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