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Change of intent for Secured claims

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Change of intent for Secured claims

If you have filed a Chapter 7 Bankruptcy and decide to surrender your home or auto before the discharge of your case then you can file a statement of intentions. The amended statement of intentions will allow you to discharge any property you decided to surrender after you filed you Chapter 7 Case.

However, in a Chapter 13 bankruptcy case, you will be required to file amended plan to change treatment to any secured claims. For example, if you decide to surrender your home or auto then an amended plan or plan modification will be required to let the creditor know your change of intentions for the asset.

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