Chapter 7 Bankruptcy Filing

Summary

In Chapter 7 bankruptcy, all debts, including mortgages, must be listed, even if you plan to continue payments. A Statement of Intention should be filed to reaffirm such debts. This document communicates your intention to keep paying specific debts, like a mortgage, to the court. Ensure you have all necessary forms and consider seeking legal guidance if needed.

Full Conversation

No I did not know about this Statement of Intention - this is for Chapt * then?
Yes, the "Statement of Intention" is specifically for Chapter * bankruptcy. It allows you to indicate which debts you intend to reaffirm, like your mortgage. Make sure to file it with the court to clearly communicate your intentions about continuing payments. Do you need guidance on how to prepare this document?
Thank you for this information - THere are many forms the court provides and I have downloaded all of them. It does sound a little familiar so I will look for it specifically now. YOu are very helpful! Thank you again!
You're welcome! If you have any more questions as you go through the forms or if you need more guidance, feel free to reach out. Good luck with your bankruptcy filing!