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  • Beware of the Emergency Bankruptcy Scam

    Beware of the Emergency Bankruptcy Scam

    Agreeing to bankruptcy is a decision which takes time. people generally look for options to work out their debts in order to avoid bankruptcy. This is probably because bankruptcy appears on your credit report for 7-10 years. Though it is an excellent way to get rid of debts as well as put a stop to collection actions, lawyers of Dallas based bankruptcy law firm Recovery Law Group, inform that you should be aware of unscrupulous lawyers who are out to get your money in the name of emergency bankruptcy filing.

    Filing for bankruptcy can help you if you are facing repossession or foreclosure on your property. Generally, the procedure involves a lot of paperwork which takes time, even for the most experienced lawyers. When any individual files for bankruptcy, they are required to submit the following documents to the court –

    1. Paystub for the last 6 weeks or longer
    2. Certificate of your successful completion of credit counseling course
    3. Complete list of all your debts and creditors including their addresses
    4. A list of all your assets, your accounts, an approximate value of your assets, etc.
    5. A repayment plan for paying back your creditors in case of Chapter 13 bankruptcy.

    All these documents require time to assimilate, prepare and file. Any mistake in the documents (omission of an important document, missing a creditor name or debt, etc.) can have grave consequences; sometimes leading to the dismissal of the case. If this happens, you are in a worse condition than before. Generally filing for bankruptcy takes 7-10 days’ time.

    Emergency bankruptcy filing option is available in case you are facing imminent repossession or foreclosure issues. In this case, you can file a two-page petition which puts an automatic stay in action preventing all sorts of collection actions. However, you are expected to file the remaining documents within fifteen days of filing the emergency bankruptcy petition.

    This procedure has become a way to earn money by corrupt bankruptcy lawyers who make use of the system to con gullible filers out of their money. These lawyers ask for money to file an emergency bankruptcy petition on your behalf but do not follow it up with the remaining documents. Filing of the petition puts collection actions like threatening phone calls on hold, till your petition is dismissed because of lack of proper documents. This leaves you in a condition worse than before.

    It is therefore important to be vary of advocates who suggest emergency bankruptcy filing when you first meet them. Competent bankruptcy attorneys will take their time to study the case and come up with a suitable plan of action benefiting their client. If you are looking for experienced bankruptcy lawyers for your case, you can call 888-297-6023.


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      *Do you own a home?

      Are you currently working?

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    • What is Emergency Bankruptcy Filing?

      What is Emergency Bankruptcy Filing?

      Creditors can go to any lengths to get their money back. This may include threatening phone calls, foreclosure, repossession, wage garnishment, collection lawsuit, etc. If you are on the verge of getting evicted or any similar situation, bankruptcy can come in handy. When you file for bankruptcy in court, the automatic stay provision protects you from all collection actions by creditors. However, bankruptcy filing requires you to fill several forms. This requires time, which you don’t have. Dallas based bankruptcy law firm https://bankruptcy.staging.recoverylawgroup.com/, suggest an alternative. You can opt for an emergency bankruptcy filing, also known as skeleton filing, where you need a few documents. This will result in an automatic stay, while you can submit remaining documents within the next 14 days. Call 888-297-6023 to know more about the procedure from expert bankruptcy lawyers.

      When would you need emergency bankruptcy filing?

      A bankruptcy petition comprises of numerous forms and details regarding your income, assets, your creditors, etc. However, when faced with immediate foreclosure or repossession action, there might not be time enough to get everything in order. You can, however, file bankruptcy forms online quickly using the emergency bankruptcy filing. You can access the online filing system anytime and start the online bankruptcy process by uploading some of the required forms. These include your bankruptcy petition specifying the chapter you are filing under and other relevant information like the creditor mailing list; mandatory credit counseling certificate or a request for its waiver and form B121 providing information about your Social Security number. You also need to pay a filing fee or submit a request for its waiver or request paying the fee in installments. You will need to submit all additional documents within 14 days of online filing of your skeleton bankruptcy case or it will be dismissed.

      Emergency bankruptcy filing steps

      Emergency bankruptcy filing involves the following steps:

      1. You must check with the court clerk or the official website to find out which forms are required for an emergency
      2. You need to fill the voluntary petition for individuals filing for bankruptcy.
      3. Ensure that you include the names and addresses of all your creditors, collection agencies, attorneys, sheriffs and any other person who can collect a debt from you.
      4. Fill form B121 providing information about your Social Security number.
      5. Complete all forms required by the court. This can vary in every jurisdiction.
      6. File the original form along with the necessary number of copies with the court clerk. This should be accompanied by the bankruptcy filing fee, request for paying the fee in installments or a fee waiver application, along with a self-addressed envelope. Always ensure that you have a copy of every document for your records.
      7. File all remaining bankruptcy forms within 14 days to avoid dismissal of the case.


        *Are you more than 60 days past due on your mortgage?

        *Do you own a home?

        Are you currently working?

        By clicking “Submit”, whether I do or do not purchase any products or services on this website, I hereby give my express written consent to receive calls and SMS/text messages, including calls and SMS/text messages made and sent using automated dialing equipment and/or pre-recorded or artificial voice technology and email, about offers and deals that I wish to be kept informed about from (“Partners”), at the phone number and/or email address provided on this form, including any wireless numbers provided, even if I have previously registered the provided number on any Do Not Call Registry. If I do not make a purchase on this website, it is expressly understood that the Partners retain permission to contact me as specified earlier in this paragraph. Carrier SMS/MMS and data messaging rates apply. I also agree that by clicking “Submit” that I agree to the Privacy Policy and Terms and Conditions.