The Statement of Intent
Nearly a million Americans find themselves in irrecoverable debt every year. While filing for bankruptcy is a serious decision that should be carefully considered, it is oftentimes the best option for people who are consistently unable to keep up with their payments. When filing for Chapter 7 bankruptcy, you must write a statement of intent to explain your plan of action to creditors.
If you or someone you know is struggling to remain financially stable, the West Palm Beach bankruptcy attorneys may be able to help. Contact the law office of Eric N. Klein & Associates at 561-353-2800 to schedule a free consultation.
What Is a Statement of Intent?
A statement of intent is a letter that must be written by the debtor to explain how they plan to manage their properties during the bankruptcy process. In order to qualify as an official “statement of intent,” the letter must:
- Be written within 30 days after filing for Chapter 7 bankruptcy
- Include a detailed list of properties
- Outline the debtor’s intent of retaining and relinquishing their properties
- Be filed before the first meeting of your creditors
- Be signed by the debtor
An experienced West Palm Beach bankruptcy lawyer can help you gather the information you need and organize your statement of intent.
Contact Us
For assistance in writing a statement of intent, or if you have any questions regarding bankruptcy, contact the West Palm Beach bankruptcy attorneys of Eric N. Klein & Associates. Our team of experienced professionals can help you regain financial security. Call us today at 561-353-2800 to discuss the details of your case.
