Emergency Bankruptcy Lawyer Long Island, NY
Bankruptcy is a legal process held in a specialized federal court. The bankruptcy process helps individuals and businesses get rid of debt or repay debts under the protection of bankruptcy statutes. All Long Island, NY bankruptcy cases are filed in federal bankruptcy court in New York.
Filing for bankruptcy may leave you feeling intimidation and shame. However, filing for bankruptcy, whether as an individual, married couple, or business, can be a highly effective means of regaining financial control of your life and business.
The process of filing for bankruptcy is complicated. One of the first factors you need to determine is your qualifying debt and income. From there, you must quantify your assets, in addition to several other factors that you must evaluate.
After these considerations, you will need to decide if you should file for bankruptcy and, if so, what type of bankruptcy will be most beneficial to you. If you require an emergency bankruptcy filing in Long Island, speak with a Long Island bankruptcy attorney at Macco Law Group, LLP. We’re here to provide positive solutions to your financial challenges.
What Is an “Emergency Bankruptcy Filing”?
An emergency petition, often referred to as a skeleton bankruptcy filing or “bare bones” bankruptcy, occurs when a person files for bankruptcy without all of the paperwork required. In most cases, people use emergency bankruptcy to stop creditors from taking their property to pay off debts without a NY bankruptcy court’s approval.
An emergency bankruptcy petition can be used to stop a foreclosure, eviction, or prevent a property from being repossessed at the last minute. Some of the most common reasons to file for bankruptcy include:
- Wage garnishment
- Debt collection lawsuit
Emergency bankruptcies are faster to file because not all of the bankruptcy paperwork is submitted in the beginning. When you file for emergency bankruptcy, you may have to file an emergency bankruptcy petition, and the rest of your bankruptcy paperwork can be filed at a later date, or your bankruptcy gets dismissed.
Whether you’re in need of a Credit Card Debt Lawyer in Long Island, Bankruptcy Chapter 13 Attorney in Long Island, or a Bankruptcy & Credit Card Debt specialist, contact Macco Law Group, LLP right away for a no-obligation free consultation.
Long Island Emergency Bankruptcy Requirements
The necessary documentation required for an emergency bankruptcy includes:
- Emergency bankruptcy petition
- Creditor list
- Statement of Social Security
- Credit counseling completion
Bankruptcy filing requires a quick turnaround to prevent creditors from repossessing your property. Many people use emergency bankruptcies to save their property or give themselves time to resolve outstanding debts. Working with a Long Island bankruptcy attorney may help expedite your emergency bankruptcy forms.
We offer free consultations and strategy sessions to get started on your skeleton bankruptcy filing right away. Call our New York bankruptcy law professionals today to get started on your emergency bankruptcy filing.
Why Would Someone in Long Island, NY Need an Emergency Bankruptcy Filing?
Imminent foreclosure is one of the most common reasons for emergency bankruptcy proceedings. However, threats of utilities being turned off, eviction, salary garnishment, and repossession are also common.
It’s important to remember that you must still fulfill the credit counseling requirement before you can file for emergency bankruptcy. Our bankruptcy attorneys can help you secure an efficient and effective option for meeting your credit counseling requirement in a short time.
If foreclosure is the reason for your bankruptcy, you should work with experienced Long Island, NY foreclosure attorneys. A bankruptcy attorney at Macco Law Group, LLP will provide you with a free consultation to answer any questions you might have about emergency filings in Long Island and the rest of the New York City metropolitan area.
Why File an Emergency Bankruptcy?
Financial difficulties can be overwhelming, and bankruptcy proceedings can leave you feeling lost. Although filing for bankruptcy can take time, filing for bankruptcy quickly may be able to stop creditors from taking further action against you.
In a normal Chapter 7 bankruptcy or Chapter 13 filing, many bankruptcy forms are submitted to bankruptcy courts. Filing the remaining bankruptcy forms takes time because they require the gathering of extensive information. Putting your bankruptcy case together will take time. If you’re in a hurry, an emergency filing could provide you with the legal protection you need to avert the crisis.
How to File for Emergency Bankruptcy
When you file for bankruptcy, you can request an automatic stay as part of your filing. An automatic stay prevents debt collectors from taking further actions. This can prevent collection efforts such as foreclosure, repossession, and debt lawsuits. Creditors will not be allowed to contact, bill, or sue you while your bankruptcy is in the automatic stay period.
Creditors are not allowed to repossess for failure to make car payments or foreclose on any property included in your bankruptcy estate when an automatic stay is provided. There are bankruptcy automatic stay exceptions if you have filed multiple bankruptcies in the same year. You can even file for emergency bankruptcy online.
If this is your first time filing for bankruptcy, the automatic stay usually lasts throughout the entire bankruptcy filing process. If you have filed for bankruptcy twice within a year, the automatic stay period is only 30 days. If you have filed multiple bankruptcies in a year, there is no automatic stay.
Filing for Emergency Bankruptcy Chapter 7
Courts require completing a credit counseling course when attempting to qualify for Chapter 7. The rest of your bankruptcy forms must be filed within 14 days of the emergency bankruptcy petition, or the bankruptcy case can be dismissed. Few exceptions apply, and that’s why it’s imperative to submit the remaining paperwork.
New York credit counseling can be done online or in person. The credit counseling course certificate must be dated at least one day before your filing. Generally, it takes two days to file an automatic stay for bankruptcy Chapter 7.
Macco Law Group, LLP has helped numerous NYC clients file emergency Chapter 7 bankruptcies in as little as two days to stop the repossession of their property. Call an emergency bankruptcy code specialist for a free consultation to learn if an emergency Chapter 7 filing is your best option.
Filing for Emergency Bankruptcy Chapter 13
A Chapter 13 emergency bankruptcy filing requires a credit counseling certificate dated one day before your filing date. Emergency Chapter 13 filing usually takes two days minimum to file. A Chapter 13 filing must be completed within 14 days after filing an emergency bankruptcy, or your bankruptcy case could be dismissed.
Chapter 13 bankruptcies can take weeks or months to complete because of all the bankruptcy forms. If you’re filing bankruptcy to stop a foreclosure while having trouble making your mortgage payments, an emergency bankruptcy specialist in Long Island can help you get organized. They can also help you to be responsive throughout the process to expedite your emergency filing.
Where Can I Get Credit Counseling?
Credit counseling is a required step, available online or by phone, and can be done quickly. You are also required to pay a filing fee for your emergency Chapter 7 or 13 bankruptcy. The New York filing fee you have to pay will vary based on the details of your bankruptcy.
Debtorcc.org provides Long Island residents with the pre-filing bankruptcy credit counseling course. The course must be completed before filing for bankruptcy in Long Island, New York. The U.S. Trustee’s Office approves Debtorcc.org to provide New York bankruptcy credit counseling. The Pre-Filing Bankruptcy Credit Counseling Course is available 24/7, in written and audio formats, and is available in Spanish or English any day of the year.
Should I File for an Emergency Bankruptcy?
If you’re considering filing for bankruptcy to stop a creditor from taking serious action against you, speaking with an experienced Long Island bankruptcy attorney can help you to fully understand your options. Filing for bankruptcy to stop foreclosure, repossession, wage garnishment, or creditors from suing you could be beneficial. Speak with a professional today.
If you’re facing collection actions and desire to make a skeleton filing or emergency petition, then Macco Law Group, LLP is standing by. We have experience with adversary proceedings, skeleton petition filings, emergency bankruptcy filings, and taking the legal action necessary to hold off creditors.