File For Bankruptcy For Student Loans
If you have student loans and no way to pay them, then you may want to file for bankruptcy. The process is simple and fast at first but can take months before your case is resolved.
Go to the court
Once you have all of the documents together and are ready to file for bankruptcy, follow these steps:
- Go to the court and submit the documents. The court will take your petition and any other supporting materials that you bring with you when filing for bankruptcy, such as tax returns and pay stubs. If possible, bring a copy of each document so that they can be entered into their database immediately after they take possession of them. This helps speed up the process by which their staff processes your petition so that it can be approved faster than usual.
- Attend a hearing on your petitions approval or denial within 30 days after being filed (unless otherwise specified).
- Pay any application fees required by law at this time as well (this varies depending on where in country) – typically $200 per person filing but could be more/less depending on variables like income level etc…
Submit the documents
If you’re filing for bankruptcy to eliminate student loans, the federal government requires you to submit:
- A copy of your most recent Federal Student Aid Report (FSAR)
- A copy of your most recent IRS Form W-2 with Wage and Tax Statement or Statement of Non-Filer reflecting income earned during the last calendar year. This is required if you didn’t file a tax return during that period.
Attend the hearing
- Attend the hearing. The date of your hearing will be on your summons and notice, which you must read carefully. If you miss it, you may have to reschedule or risk having your case dismissed without a ruling from the court.
- Listen closely to the judge’s instructions for asking questions at the end of the trial. You’ll have about five minutes total; use them wisely! You should also listen closely during testimony from other people involved in your case – this can help clarify facts and present new opportunities for arguments.
- Don’t be late! Being late is disrespectful both toward yourself (because it means you don’t respect yourself), toward those who are waiting on you, and toward anyone else involved in your case – including lawyers who may be working hard behind-the-scenes to represent their client efficiently so that everyone gets their day in court sooner rather than later!
- Be respectful at all times towards everyone involved – especially judges! Judges are not there just because they want to hear themselves talk; they’re there because they want justice done properly: if everyone works together cooperatively then this happens more easily than when things get heated up between parties due to misunderstandings about what exactly constitutes “fairness” vs “unfairness” when dealing with systems like bankruptcy courts where decisions are made constantly based on subjective criteria such as whether individual circumstances meet certain conditions set forth by law makers long ago instead of being based entirely upon objective evidence presented by actual people from all walks life who share similar experiences but whose voices still need heard nonetheless.”
Pay for the fees
You will also have to pay a filing fee and a court hearing fee. The filing fee is $335, which covers the cost of preparing your petition and other legal paperwork, as well as paying for services that the court provides. The court hearing fee is $281 and includes processing your bankruptcy case and making sure that you understand what’s happening with it.
You may not be able to get out of paying these fees, but there are ways to lower them or avoid paying them altogether.
Get notified of your petitions decision
You will be notified of your petitions decision in one of the following ways:
- By mail
- On your phone
- On your computer
- On your TV
You have to file for bankruptcy really fast.
You have to file for bankruptcy really fast.
You can’t wait until the last minute. You have to file for bankruptcy before the deadline or else it won’t be considered valid by your creditors, even if you do everything else right!
If you’re struggling with student loans, the best way to get out of debt is to file for bankruptcy. It is true that filing for bankruptcy will damage your credit score and make it difficult for you to get a loan in the future, but it will also save thousands of dollars in interest payments over time. If you need help filing your paperwork, contact our lawyers today!