Wichita Emergency Bankruptcy Attorney
Providing Legal Debt Relief Assistance in Sedgwick County
Navigating financial difficulties can be daunting and stressful, especially when faced with escalating debt. Despite best efforts, one may find oneself submerged in a sea of debt due to various factors, including high interest rates or insurmountable medical debt. In such scenarios, an emergency bankruptcy filing, also known as a "two-page" bankruptcy, can offer immediate relief.
When making this choice, it’s crucial to understand that an emergency bankruptcy filing is merely the initial step in the bankruptcy process. An emergency filing offers quick protection but requires completion of the full bankruptcy statement within 15 to 30 days. Incomplete or incorrect filings can lead to complications down the line.
Contact the Kansas Bankruptcy Center today at (316) 613-0952 to speak with our Wichita emergency bankruptcy attorney today.
What to Expect in an Emergency Bankruptcy Filing
Bankruptcy filings, especially emergency filings, are often used to halt repossessions or foreclosures. Chapter 13 bankruptcy is typically more suitable in these situations. It's beneficial for debtors with rent, mortgage, or car payments delinquencies.
Filing for emergency bankruptcy typically requires the following:
Choosing the Correct Bankruptcy Type: Selecting the correct type of bankruptcy for your situation is crucial. Not everyone qualifies for a Chapter 7 bankruptcy, and you must pass a means test to determine your eligibility. If you've previously filed for bankruptcy, check if you qualify for a bankruptcy discharge. Remember, the bankruptcy code mandates specific waiting periods between a previous bankruptcy discharge and filing for a new one, consult an attorney if this stipulation applies to your situation.
Completion of a Credit Counseling Course: All bankruptcy filers must complete a credit counseling course from an approved provider. This requirement applies even to emergency bankruptcy filings. The course usually costs between $10 and $45 and takes less than two hours to complete.
Providing the Required Forms: For an emergency bankruptcy filing, you need to complete and submit at least two forms – the Voluntary Petition (Form 101) and the Statement of Social Security Number (Form 121).
Submission of a Creditor Matrix: You'll need to submit an alphabetical list of all your creditors and their mailing addresses. The format and other requirements for this list may vary by court.
Paying the Filing Fee: The bankruptcy court charges a filing fee of $338 for Chapter 7 cases and $313 for Chapter 13 cases. If you can't afford the full fee upfront, you can request to pay in installments. If your earnings are under 150% of the federal poverty guidelines, you could request a waiver for your filing fee from the court.
File the Case: For an emergency case, filing your paperwork in person is recommended to avoid any delays. You'll need to check your local court's website for specific rules and requirements about filing.
Remember, if you are concerned about the accuracy of your paperwork or you’re confused about the legal requirements for filing, you should consult a bankruptcy attorney immediately. Experiencing a financial emergency can be stressful, which could also necessitate the guidance of an experienced bankruptcy lawyer.
Contact the Kansas Bankruptcy Center Today
Emergency bankruptcy filings are typically initiated to halt impending collection actions. While many individuals consider and research bankruptcy options before deciding to file, the process of gathering necessary documents and completing required forms can be time-consuming, so it is advisable to work with a reliable Wichita emergency bankruptcy attorney to ensure a smooth process.
Call the Kansas Bankruptcy Center today at (316) 613-0952 to schedule a consultation today.