This form is a sample letter for a debtor's motion for hardship discharge and notice of motion. It serves as a template for individuals seeking relief from their debts due to financial hardship. Unlike other legal documents, this sample letter is tailored specifically for debtors needing to formally communicate their request while following legal protocols.
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Make edits, fill in missing information, and update formatting in US Legal Forms—just like you would in MS Word.

Download a copy, print it, send it by email, or mail it via USPS—whatever works best for your next step.

Sign and collect signatures with our SignNow integration. Send to multiple recipients, set reminders, and more. Go Premium to unlock E-Sign.

If this form requires notarization, complete it online through a secure video call—no need to meet a notary in person or wait for an appointment.

We protect your documents and personal data by following strict security and privacy standards.
Hardship Examples. There are a variety of situations that may qualify as a hardship. Keep it original. Be honest. Keep it concise. Don't cast blame or shirk responsibility. Don't use jargon or fancy words. Keep your objectives in mind. Provide the creditor an action plan.
Hardship Examples. There are a variety of situations that may qualify as a hardship. Keep it original. Be honest. Keep it concise. Don't cast blame or shirk responsibility. Don't use jargon or fancy words. Keep your objectives in mind. Provide the creditor an action plan.
Financial hardship is difficulty in paying the repayments on your loans and debts when they are due. There are often two main reasons for financial hardship: You could afford the loan when it was obtained but a change of circumstances has occurred after getting the loan; or.
Financial hardship typically refers to a situation in which a person cannot keep up with debt payments and bills or if the amount you need to pay each month is more than the amount you earn, due to a circumstance beyond your control.
Make the letter concise. Do not write pages explaining your hardship. State your response to the hardship. You need to describe the steps you have taken in response to the difficulty. Clearly state what you want. You can include enclosures. The conclusion.
Illness or injury. Change of employment status. Loss of income. Natural disasters. Divorce. Death. Military deployment.
Proof of income (pay stubs, offer letter, etc.) proof of other income (e.g., alimony, child support, disability benefits) an expense sheet laying out all your expenses. tax returns (two years worth of returns) profit and loss statement. current bank statements.
The IRS may agree that you have a financial hardship (economic hardship) if you can show that you cannot pay or can barely pay your basic living expenses.The IRS has standards for food, clothing and miscellaneous; housing and utilities; transportation and out-of-pocket health care expenses.
Your name, address, phone number and account number. The type of debt resolution you're seeking. Your financial situation that has caused you to fall behind in your payments. A detailed budget and your plan for making payments (if you want to keep your home)