Dividing Property - furnishing, car, etc. on Schedules

[MikeB]

Hi all, thanks in advance for the help.

I'm filing Chapter 7 next week. I'm married, but filing individually (wife went thru bankruptcy 2 years ago).

My question is... how do I handle Schedule B (personal property) for furniture, etc. that we have in the house. I know somewhere I divide the amount in half because I'm the only one filing, but I don't know where.

And how can I seperate them for the exemptions (Schedule C)?

Also, how should I handle a car she owns (no lien) that's titled in her name?

Thanks!

[SunshineGal]

Big question...do you have any joint unsecured credit?

According to my attorney, property she owned before marriage would be hers, as would the car since it's only in her name.

[tcreegan]

Hi MikeB,

This gets to be a real issue w/ Floridas wimpy personal property exemption....

The way I read it you fill in Sch B with everything not in your wife's name only marked "J" for joint, but in the last column the 'debtors interest' in your case would be 1/2 the value.

Need one of the lawyers around here to chime in....

Tom in Colo