Student loan debt is often difficult to get discharged by the Houston bankruptcy court. There are so many factors involved that even if you did not satisfy all of the criteria in your original bankruptcy case you may become eligible for discharge years later based on events such as unemployment, reduced income, or disability.
Fortunately, if your facts and circumstances change over the years since your Chapter 7 discharge your Woodlands Bankruptcy Attorney can file additional adversary proceedings to continue to pursue discharge without going through an entirely new bankruptcy provided the student loans existed at the time your previous bankruptcy petition was filed. If you have student loans that you received after your last bankruptcy petition was filed then they would not be eligible to be included in this special procedure.
Call The Shea Law Firm at (832) 592-7913 if you need an experienced bankruptcy lawyer.
Within 30 days of filing your petition for Chapter 7 Bankruptcy relief your bankruptcy attorney must file your Statement of Intentions with the court. If your Meeting of Creditors is scheduled earlier than 30 days after your case is filed then you must file the Statement of Intentions before that meeting.
The Statement of Intentions applies to all real or personal property you own that serves as collateral for a debt.
For each piece of property you must state:
- whether you will surrender the property or keep the property;
- whether you will redeem the property;
- whether you will reaffirm the debt secured by the property; and
- whether the property will be claimed as exempt.
If you are not sure how to answer these important questions then speak with a Woodlands Bankruptcy Attorney today about representing you through the bankruptcy process to protect your rights and property.
Follow-Through
You are generally required to follow-through on your intention for each piece of property within 30 days after the first date scheduled for the Meeting of Creditors. If you intend to surrender the property that means being prepared to turn the property over. If you intend to redeem the property that means having the funds necessary to perform the redemption. If you intend to reaffirm the debt that means having a reaffirmation agreement in place with the creditor.
Each Woodlands Bankruptcy case has their own timeline. However, there are certain court imposed deadlines that you must meet. Your case can be dismissed if you do not provide the required information to your Woodlands Bankruptcy Attorney in time to meet these deadlines.
Here is what must be taken care of in the first 15 days of your Chapter 7 case. This is the bare minimum, depending on your circumstances additional filings Read more…
