Letter of Intent to File Bankruptcy

A Letter of Intent to File Bankruptcy is a written notice from a debtor to their creditors, informing them that the debtor is planning to file for bankruptcy protection in the near future. The letter may include the type of bankruptcy the debtor intends to file (Chapter 7 or Chapter 13), the expected filing date, and the debtor’s intention to seek a discharge of their debts through the bankruptcy process. The purpose of this letter is to notify creditors of the impending bankruptcy and to provide them with an opportunity to negotiate or settle the debts before the filing.