Emergency Bankruptcy Attorney Rochester NY - Call (877) 702-1984 FREE Consultation
What is an Emergency Insolvency Filing?
People look for an emergency bankruptcy filing when creditors are threatening to take immediate action to seize or sell assets. The emergency bankruptcy filing stops the financial institution as soon as you file the primary insolvency forms.
Emergency Bankruptcy Attorney Rochester NY - Call (877) 702-1984 FREE Consultation
An emergency insolvency filing is a personal bankruptcy case filed without all the required forms, generally to stop a collection action that is imminent, such as a foreclosure, repossession or wage garnishment.
The emergency situation filing sets off securities of the automatic stay, stopping all collections actions, and the filer is provided a particular amount of time to send the rest of their insolvency forms to the court. If these due dates are not met, the case will be dismissed by the court, which ends the automatic stay defense.
Emergency Bankruptcy Attorney Rochester NY - Call (877) 702-1984 FREE Consultation
Why Do People File Emergency Bankruptcy Cases?
Many people in extreme 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 incapacitated by the stress and anxiety this triggers. After all, these are large companies with lots of attorneys. How are you expected to stop them? Some people stick their heads in the sand and do nothing. Often, the individual has been striving on another debt relief solution and is amazed when they are served with a suit or foreclosure notification. They believed they had the problem taken care of and now this. These are the types of circumstances when emergency personal bankruptcies are needed.
Emergency Bankruptcy Attorney Rochester NY - Call (877) 702-1984 FREE Consultation
What's Needed for an Emergency Filing?
Even though an emergency situation filing includes only very little kinds being submitted to the court as part of the preliminary filing, everybody who seeks personal bankruptcy relief must fulfill particular requirements and send certain information 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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