How to File Bankruptcy in New Hampshire
For people struggling to pay their debts and still make ends meet, bankruptcy might be a viable option. Filing for bankruptcy does not necessarily mean you will lose your house, car and other assets. A filer in New Hampshire can exempt up to $50,000 of equity in his home, $4,000 in equity for his car and $3,500 for furniture (as of 2010). If you live in New Hampshire and need to file for bankruptcy, you must do so in the U.S. court located in Manchester.
Other People Are Reading
Instructions
-
-
1
Determine the type of bankruptcy you need to file. The most common forms are Chapter 7 and Chapter 13. Under Chapter 7, the court will liquidate your assets (subject to any exemptions) and use the money to pay your creditors. Chapter 13 bankruptcies seek to reorganize your debt and develop a repayment plan. Make the decision based on your financial situation. It might be necessary to consult a bankruptcy attorney to help you make this choice.
-
2
Sign up for an approved credit counseling session with an agency in New Hampshire. Visit the U.S. Justice Department website for a list of agencies in New Hampshire. You must complete this counseling before filing for bankruptcy.
-
-
3
Gather information about your financial situation. You must disclose all of your assets and sources of income. Additionally, you must name each creditor and how much you owe each one. You will use this information to fill out the bankruptcy forms.
-
4
Obtain the bankruptcy forms. There are numerous forms and schedules required to file bankruptcy and they vary depending on the type of bankruptcy. Use the checklist provide by the U.S. district courts and either download the forms from the U.S. bankruptcy website or visit the bankruptcy court in Manchester to obtain the forms.
-
5
Complete the forms and file them with the bankruptcy court. You must complete each required form and send or hand deliver them to:
United States Bankruptcy Court
1000 Elm Street, Suite 1001
Manchester, NH 03101
-
1
Tips & Warnings
This article was written for informational purposes only. It does not offer legal advice. Readers are strongly urged to seek the assistance of an attorney.
