If you say put reaffirm in your intent in banckruptcy but change your mind, what happends?

Asked almost 2 years ago - Indianapolis, IN

What are you supposed to do? I changed my mind and surrendered my truck and gave the clerks off a copy of the letter from the finance place stating that. Do I need to do anything else?

Thanks

Attorney answers (3)

  1. Matthew Scott Berkus

    Contributor Level 20

    8

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    Answered . You could amend your statement of intention, and the court doesn't charge for such an amendment. However, doing so is not necessary. A statement of intent is just that, "intent." If you change your mind and don't carry out that intent, so be it. You didn't reaffirm the debt.

  2. Dorothy G Bunce

    Pro

    Contributor Level 20

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    Lawyers agree

    2

    Answered . No, the statement of intention you file with your bankruptcy is virtually meaningless. If you say you intend to surrender, the lender may begin foreclosure or repossession efforts sooner rather than later. Hope this perspective helps!

  3. William Asa Grafton

    Contributor Level 12

    3

    Lawyers agree

    1

    Answered . If you change your mind, your mind is changed. The Statement of Intentions reflects your intent at the time you filed the bankruptcy case.

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