If you are filing for Chapter 7 bankruptcy, there is a chance that some of your possessions may need to be sold in order to repay creditors. Your letter intent should describe what assets of yours will be kept and which will be sold, as creditors will want to be informed of this information. These letters should be sent within 30 days of filing for bankruptcy. A lawyer is typically used to ensure that these letters get to all the right places and contain the proper, and correct, information.
So, I am relying on my agent to express the benefits of my offer to the seller's agent, who in turn will present the benefits of my offer to the seller. With a concise letter of intent, I am hoping to give my offers a better chance of getting accepted by the seller despite all the moving parts and unknowns.