Hi everyone good morning I have a question where would one put a depsoit of a lease rental home ... in statement of affairs/? I was thinking there. but not sure
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You wanna list your Lease on Schedule C to Exempt those $$$'s. You'll have to figure out which Section Code to apply to your Lease Deposit. Some States have a Code specifically for deposits. Other States, you'd have to use your Household Goods Code or a WildCard to Exempt the $$$'s.
You need to list your Lease again on Schedule G. Executory Contracts and Unexpired Leases. You give the name and mailing address of your Landlord and list the date of the Lease.
XYZ Properties
Mailing Address
1 year lease, dated on or about 07/07/2007
Debtors as Tenants
And, FYI,.......... No, your Landlord will not be mailed a Notice of your Bankruptcy filing.Filed Ch 7 - 09/06
Discharged - 12/2006
Officially Declared No Asset - 03/2007
Closed - 04/2007
I am not an attorney. My comments are based on personal experience and research. Always consult an attorney in your area to address concerns related to your particular situation.
Another good thing about being poor is that when you are seventy your children will not have declared you legally insane in order to gain control of your estate. - Woody Allen...
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