Sometimes people need to file bankruptcy fast. In those situations, they can file an emergency bankruptcy, which means filing the bare minimum of paperwork up front to get the bankruptcy case filed and complete the remaining paperwork later. Consumers and businesses in need of immediate bankruptcy relief can learn about their filing options from an experienced Kansas City bankruptcy attorney.
Reasons To File An Emergency Bankruptcy
Filing a bankruptcy triggers an automatic halting all collection activity. The automatic stay goes into effect immediately when a bankruptcy case is filed and remains in effect until the end of the case, unless a creditor successfully petitions the court for relief from the automatic stay, or you have had one or more prior bankruptcy cases pending within the past year. In that situation, you must file a motion with the bankruptcy court seeking to extend or impose the stay. The automatic stay prevents creditors from taking collection actions against you, including but not limited to:
If your property such as car, home, bank accounts or wages are currently at risk, an emergency bankruptcy may be appropriate in your situation. A bankruptcy can stop all collection activities, thus saving your property. Give our experienced Kansas City bankruptcy attorneys a call for a free phone consultation. We will discuss your options and determine whether you need bankruptcy protection immediately.