This form is an individual debtor's statement of intention. The document lists: a description of the property; the creditor's name; and property to be retained. The form also contains a certification of a non-attorney bankruptcy petition preparer.
The New Mexico Chapter 7 Individual Debtors Statement of Intention — Form — - Post 2005 is a legal document that plays a crucial role in the bankruptcy process for individuals residing in New Mexico. This form gives debtors the opportunity to outline their intentions regarding the treatment of various types of debts and assets during bankruptcy proceedings. In New Mexico, there are several types of Chapter 7 Individual Debtors Statement of Intention forms — Form — - Post 2005 that cater to specific circumstances and requirements. These may include: 1. New Mexico Chapter 7 Individual Debtors Statement of Intention — Real Property: This form pertains to debtors who wish to state their intentions regarding real estate or any property attached to land. It allows individuals to declare whether they plan to surrender the property, reaffirm the debt and keep the property, or redeem the property by paying its current fair market value. 2. New Mexico Chapter 7 Individual Debtors Statement of Intention — Personal Property: This form focuses on personal assets, such as vehicles, furniture, appliances, electronics, and other movable items. Debtors can use this form to indicate whether they intend to surrender the property, reaffirm the associated debt, or redeem the property by paying its current fair market value. 3. New Mexico Chapter 7 Individual Debtors Statement of Intention — Secured Property: This form is specifically designed for debtors with secured debts, such as mortgages or loans backed by collateral. It allows individuals to outline their intentions regarding these secured properties, whether they plan to surrender the property, reaffirm the debt and retain the property, or redeem the property by paying its current fair market value. 4. New Mexico Chapter 7 Individual Debtors Statement of Intention — Priority Unsecured Debt: This form focuses on debts with priority status, such as child support, alimony, and certain tax obligations. Debtors can use this form to specify their intentions regarding the treatment of these debts, whether they plan to pay them in full, partially, or not at all. 5. New Mexico Chapter 7 Individual Debtors Statement of Intention — General Unsecured Debt: This form covers general unsecured debts, including credit card debts, medical bills, and personal loans. Debtors can use this form to indicate whether they plan to reaffirm the debt or simply have it discharged through the bankruptcy process. By completing the appropriate New Mexico Chapter 7 Individual Debtors Statement of Intention — Form — - Post 2005, debtors provide crucial information to the bankruptcy court, creditors, and other parties involved in the bankruptcy process. It ensures transparency and guides the overall settlement of debts and assets during the Chapter 7 bankruptcy proceedings in New Mexico.
The New Mexico Chapter 7 Individual Debtors Statement of Intention — Form — - Post 2005 is a legal document that plays a crucial role in the bankruptcy process for individuals residing in New Mexico. This form gives debtors the opportunity to outline their intentions regarding the treatment of various types of debts and assets during bankruptcy proceedings. In New Mexico, there are several types of Chapter 7 Individual Debtors Statement of Intention forms — Form — - Post 2005 that cater to specific circumstances and requirements. These may include: 1. New Mexico Chapter 7 Individual Debtors Statement of Intention — Real Property: This form pertains to debtors who wish to state their intentions regarding real estate or any property attached to land. It allows individuals to declare whether they plan to surrender the property, reaffirm the debt and keep the property, or redeem the property by paying its current fair market value. 2. New Mexico Chapter 7 Individual Debtors Statement of Intention — Personal Property: This form focuses on personal assets, such as vehicles, furniture, appliances, electronics, and other movable items. Debtors can use this form to indicate whether they intend to surrender the property, reaffirm the associated debt, or redeem the property by paying its current fair market value. 3. New Mexico Chapter 7 Individual Debtors Statement of Intention — Secured Property: This form is specifically designed for debtors with secured debts, such as mortgages or loans backed by collateral. It allows individuals to outline their intentions regarding these secured properties, whether they plan to surrender the property, reaffirm the debt and retain the property, or redeem the property by paying its current fair market value. 4. New Mexico Chapter 7 Individual Debtors Statement of Intention — Priority Unsecured Debt: This form focuses on debts with priority status, such as child support, alimony, and certain tax obligations. Debtors can use this form to specify their intentions regarding the treatment of these debts, whether they plan to pay them in full, partially, or not at all. 5. New Mexico Chapter 7 Individual Debtors Statement of Intention — General Unsecured Debt: This form covers general unsecured debts, including credit card debts, medical bills, and personal loans. Debtors can use this form to indicate whether they plan to reaffirm the debt or simply have it discharged through the bankruptcy process. By completing the appropriate New Mexico Chapter 7 Individual Debtors Statement of Intention — Form — - Post 2005, debtors provide crucial information to the bankruptcy court, creditors, and other parties involved in the bankruptcy process. It ensures transparency and guides the overall settlement of debts and assets during the Chapter 7 bankruptcy proceedings in New Mexico.