Schedule B: How detailed can I get?

[debtjumper]

Regarding the schedule B, how detailed must I get? I am using a Nolo book to do my Chap.7 and they seem pretty brief.

The real issue is that I have two vehicles. One is worth about what I owe and the other is a junker ('96 Plymouth Neon that doesn't start, has blown gaskets, and has NO exhaust). I am going to put the value to be $250 since I'm estimating the repairs to be at least $750-$1000. How should I describe this Neon?

FYI I can work on cars; I do it as a hobby. If I did the work, I could fix it for like $250-$500.

[bezoar]

most i've seen simply list as "not running" or "has body damage", etc. - then I guess it is up to the trustee to question you on it if he/she wishes.

[Annika]

The lawyer marked our 1972 Monte Carlo (partially restored) as "not running", and it wasn't questioned. Seems like he put $300 or $400 for the value.

[debtjumper]

Sounds good; now lets see if I can have this all ready to file in the next hour...