The New York Chapter 7 Individual Debtors Statement of Intention (12/1/15) is a document that is used by individuals filing for Chapter 7 bankruptcy in the state of New York. It is a declaration of an individual's intention regarding how they intend to handle their debts. The statement of intention covers three areas: Secured Debts, Unsecured Debts, and Lease/Rental Agreements. For Secured Debts, the debtor can choose to surrender the collateral (property) securing the debt, or reaffirm the debt and keep the collateral. For Unsecured Debts, the debtor can choose to surrender the collateral securing the debt, or pay off the debt in full or in part. For Lease/Rental Agreements, the debtor can choose to surrender the property, or assume the lease and pay the rent. There are three types of New York Chapter 7 Individual Debtors Statements of Intention (12/1/15): a Statement of Intention to Surrender Collateral, a Statement of Intention to Reaffirm a Debt, and a Statement of Intention to Assume a Lease or Rental Agreement.