A few questions about SofFA - for the experts

[danaf]

In filling out my statement of financial affairs I have a few questions for the experts of the board.

1. What the hec is a setoff?

2. Payments related to debt counseling or bankruptcy. Should I put the company where I obtained my credit counseling certificate here?

3. If I traded in my old car & bought a new one last year should I list it? I'm thinking it may go under #10, 'Other Transfers' but not sure.

4. And why do they want to know about any gambling losses? Just curious about this one.

(filing pro-se) Thanks

[HHM]

Setoff---think of it as a refund. If you owe someone money, but at the same time you entitled to a refund of some amount, that would be a setoff.

Gambling---the are just seeing if you have excessive waste of assets.

Not sure on number 2 without looking at the form and instructions.

Not sure on number 3 without looking at the form.