SC is common law state. When listing joint property do I list it with a cost to replace and half the amount(wifes share) or the full amount and run with it.
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married filing single, listing personal assets question.
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This is a very specific legal question and I don't know how your property is even titled. It would be bad for me to tell you what to put down, because it could mean losing any equity that you have.
Perhaps try a few consultations with attorneys and float the question as to what happens with marital property that is held jointly, when only on spouse files... in South Carolina.
Generally though, you list the entire value of the property on Schedule A/B. You list the exemptions on Schedule C to the extent that it is exempt from liquidation by on on the behalf of creditors. On Schedule C, that exemption reflects the section of US Code (USC), U.S. Constitution, your State Constitution, your State Civil Code or Statutes.Chapter 7 (No Asset/Non-Consumer) Filed (Pro Se) 7/08 (converted from Chapter 13 - 2/10)
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Any advice provided is not legal advice, but simply the musings of a fellow bankrupt.
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