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.