- Bankruptcy laws provide hardworking people with an opportunity to stop creditor harassment, protect their families, their homes, and other assets, and ultimately discharge or restructure their financial obligations.
- The bankruptcy process requires a substantial amount of work and document preparation.
- An emergency bankruptcy filing is an expedited process that a person can use when they urgently need to invoke an automatic stay.
- Sometimes you need to stop a creditor’s action fast. Filing for emergency bankruptcy can help.
- Nevada bankruptcy attorneys at Freedom Law have helped thousands of Nevada residents with bankruptcy petitions. The fastest way to request a free initial consultation is to submit a Consultation Request Form on this website.
Why do people file emergency bankruptcy cases?
Also known as a skeleton bankruptcy filing, an emergency bankruptcy filing is an expedited process that a person can use when they urgently need to invoke an automatic stay. Some of the reasons why individuals may want to undergo an emergency filing process are:
- to quickly save a car;
- to stop a foreclosure and save a home; or
- to stop a garnishment
An emergency bankruptcy filing results in an automatic stay which gives people protection from creditors. Petitioners can submit the remaining required documents later, once the stay is in effect.
It is important to understand that filing an emergency bankruptcy petition triggers certain deadlines. Meeting these deadlines is essential for the ultimate success of your case.
Who qualifies for Emergency Bankruptcy?
Emergency bankruptcy is an expedited filing process that involves submitting only minimal forms at the inspection of the process. However, you still need to qualify for bankruptcy protection in order to be successful with your emergency bankruptcy petition.
In the state of Nevada, you need to meet the means test in order to qualify for Chapter 7.
Your previous bankruptcy case may also disqualify you or impact your eligibility.
Freedom Law Firm is here to help.
Bankruptcy is often the last but necessary resort. It is a delicate and complex proceeding, and you want someone with plenty of experience to consult you and guide you through the process and help you determine the scope of the discharge.
If you would like to find out whether bankruptcy is the right option for you, please request a call-back by submitting a short online form. All initial consultations are free and confidential.