Consumer Bankruptcy Journal Fall 2015 | Page 113

Form Modernization Overview

Official Form 108

Overview:
Official Form 108, Statement of Intention for Individuals Filing Under Chapter 7, is derived from former Official
Form 8, Chapter 7 - Individual Debtor’s Statement of Intention.
New Form Elements:
Part 1, List Your Creditors Who Have Secured Claims, refers to entering into a “Reaffirmation Agreement”
rather than asking whether the debtor intends to “reaffirm the debt.”
Part 2, List Your Unexpired Personal Property Leases, defines unexpired leases and explains that a debtor may
assume an unexpired personal property lease if the trustee does not assume it.

REVISED – Part 2 defines
unexpired leases and
explains that a debtor
may assume an
unexpired personal
property lease if the
trustee does not assume
it.

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