fyllyoGovernment Forms
Form 108
Statement of Intention
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Form reference
Before you begin.
Use these notes as a starting point. Check the issuing agency’s current form and instructions for your client’s situation.
Open the source PDFFyllyo helps prepare PDFs. It doesn’t provide legal or tax advice, determine eligibility, or file forms for you.
Prepare Your Necessary Documents
Before you begin, gather all relevant financial documents, including a list of creditors with secured claims or unexpired personal property leases. This ensures that you have all necessary information ready for Form 108, Statement of Intention, which is crucial for an accurate filing.
Details worth checking
Necessity of Filing Form 108
Filing Form 108 is only necessary if you have creditors with secured claims or unexpired personal property leases. Submitting the form unnecessarily can complicate your case and lead to wasted resources.
Adhering to Submission Deadlines
Submitting Form 108 beyond the 30-day deadline or after the creditors' meeting date can delay or even dismiss your case. Timely submission is crucial for legal compliance and smooth proceedings.
Ensuring Complete Joint Filer Information
In joint filings, missing one party's information or signature can lead to processing delays or form rejection. Both filers must provide complete and accurate details to avoid complications.
Accurate and Complete Information Submission
Incomplete or inaccurate information on Form 108 can cause legal issues and delay processing. Ensuring each detail is correct is essential for a successful filing.
Listing All Secured Creditors and Properties
Failing to list all secured creditors and their properties can result in significant legal challenges and disrupt your bankruptcy proceedings.
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