I cannot afford to pay an attorney for my Chapter 7 bankruptcy so I have to do it myself. I am now trying to list all of my exemptions. I have an amended tax return that may not be ready until June and I am not sure if I will get anything back. I need to know how to list this as an exemption and the code I need to include on Sched. C. I also need to know if I have to list each individual household item such as: tvs, beds, computer,etc. or can I list these things as an aggregated group? How do I list it and code it? I also have a 99 suv and need to list the NADA value is $800.00. Please tell me how to list these codes and values on Schedule C. and how to use and list the wildcard for my tax return if needed.
Bankruptcy is a legal way for people or businesses who are no longer capable of paying back their bills to clear these debts and start over.
Chapter 7 bankruptcy is a form of bankruptcy where your debts are canceled, but some of your assets are sold to pay off part of your debt.
by attorney Josh Johnson
Many bankruptcy clients wonder why civil judgments (for credit card debt and other types of debt) still appear on their credit reports even after... more