Hi all,
Once again, forgive me if this is already addressed in here. I am about done with all my paperwork but there is one issue I have been going back and forth on and that is to put my car on Schedule B or not. The reason for my confusion is that I don't actually own this car yet as I am still making payments on it and will continue to do so even after BK if they allow me to reaffirm. So, is it really considered my "personal property" if the bank still owns it? I have it listed on Schedule D.
If I put it on Schedule B do I put $0 as the amount since I did some research and it looks like the car is worth a little less than what I owe on it so there is no equity that I actually own? And, if I put it on Schedule B then this means I put it on Schedule C because I want it made clear that if there is some exemption I would like to claim it. Confusing? Me too - can you tell I'm doing this pro se?
I'm sure someone here has an answer for me - please help
Thanks!
Once again, forgive me if this is already addressed in here. I am about done with all my paperwork but there is one issue I have been going back and forth on and that is to put my car on Schedule B or not. The reason for my confusion is that I don't actually own this car yet as I am still making payments on it and will continue to do so even after BK if they allow me to reaffirm. So, is it really considered my "personal property" if the bank still owns it? I have it listed on Schedule D.
If I put it on Schedule B do I put $0 as the amount since I did some research and it looks like the car is worth a little less than what I owe on it so there is no equity that I actually own? And, if I put it on Schedule B then this means I put it on Schedule C because I want it made clear that if there is some exemption I would like to claim it. Confusing? Me too - can you tell I'm doing this pro se?
I'm sure someone here has an answer for me - please help
Thanks!