I am a law student and want to know about filing for Bankruptcy in USA?

[nickson]

The bankruptcy laws in the USA are federal laws; so this means filing bankruptcy can only be done in a federal court. The basic bankruptcy laws are the same throughout the United States, with the only variations being in the State laws and revolve around what assets a debtor can keep, called "exemptions". The other major difference in the bankruptcy laws between the states is the length of time between filing for bankruptcy and the time of being discharged.

Filing for bankruptcy starts with filing in bankruptcy court of the official petition and a lengthy document known as the Statement of Financial Affairs. The Statement of Financial Affairs has information about your secured debts (such as home loans or car loans - "secured" loans are loans with property as collateral), priority debts (including taxes), unsecured debts, contact information of your creditors and a list of your debtor assets.

[curran]

Then contact a bankruptcy lawyer in your state. You won't get out of those student loans, though.

[ashbey15]

You're in the wrong category.

Contact a Bankruptcy lawyer.

[nemausus36]

Then take a bankruptcy course.

[orson19]

Go to this site to know more about filing for bankruptcy: http://bankruptcyattorneysnow.org/