What do I do with any unexpired leases or contracts when filing for bankruptcy?

When filing for bankruptcy in Kansas, you must handle unexpired leases or contracts differently depending on the type of bankruptcy being filed. If you are filing a Chapter 7 bankruptcy, all unexpired contracts or leases for personal, family, or household items, such as a car or furniture rental, must be listed in the bankruptcy paperwork and in most cases, you will have to return the item. If you wish to keep the item, you may be able to request to reaffirm the contract or lease, which means you will still be responsible for paying for the item. If you are filing a Chapter 13 bankruptcy, unexpired leases or contracts must also be listed in the paperwork and you may be able to keep the item, provided you pay for it in your repayment plan. In this case, the bankruptcy court must approve the repayment amount. If you have any unexpired leases or contracts, it is important to consult with an experienced bankruptcy attorney to make sure that you list the proper information in your bankruptcy paperwork and are aware of what you must do in order to retain the leased or contracted item.

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What do I do with any unexpired leases or contracts when filing for bankruptcy?

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