Legal Question in Bankruptcy in California

If someone files a chapter 7 bankruptcy, and as part of that bankruptcy they indicate on their sttement of intention that they desire to assume a lease, and if that case is ultimately discharged in due course, can the debtor go back into the case after it has been discharged and closed and amend his statement of intention to reject the lease (and therefore give back the leased item without having any liaiblity for a potential deficiency on the contract)?


Asked on 9/08/10, 8:43 pm

2 Answer from Attorneys

Brian Whitaker Lifeline Legal, LLP

Yes - the Stmt of Intent is just that ... a statement of the debtor's intention.

Debtor can change his/her mind any time ... no amendment is required.

Read more
Answered on 9/13/10, 10:37 pm


Related Questions & Answers

More Bankruptcy Law questions and answers in California