Consumer Bankruptcy Journal Fall 2015 | Page 114
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.
NEW - Modernized Form
Caption.
NEW – Amended filing
checkbox.
REVISED – Official Form
108, Statement of Intention
for Individuals Filing Under
Chapter 7, replaces Official
Form 8, Chapter 7 Individual Debtor’s
Statement of Intention.
REVISED – Language in
Part 1 has been revised
to include Reaffirmation
Agreement as an
intention for a secured
property.
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