Schedule B - personal property

[philnk]

Does anyone have a sample filled in Schedule B that I can look at? Or a link to a sample filled in?

[Minnymouth]

Check out the Tactfull Bankruptcy Manual on the General Bankruptcy section of this forum. It will tell you what needs to be listed as property etc......
Lots of info in this manual.....

Hope this helps...

[SinkingFast]

I know the Tactical Manual was somewhat updated for the New Law, but I don't remember it addressing somethings about personal property.

What kind of info you looking for, Phil??

Also do you live in an opt out State or can you use Federal Exemptions. It makes a difference on what you do and do not have to claim.

[philnk]

Schedule B

I have lived in a RV for 2 1/2 years and camped in Fl the most time in the last 180 days. I am now parked on a friend's property in Wisconsin. I have a South Dakota drivers license, SD title on my camper and tow truck, registered to vote in SD, and a SD address I use for ALL purposes, including federal taxes. I'm assuming I can file for SD exemptions. Or does it sound like I need to file for FL exemptions, or federal exemptions? I can't get a consensus after meeting with several attorneys, but they seemed to lean to SD exemptions.

Anyway, right now all I need is a sample of a filled in Schedule B. How specific does it have to be? Do I need to show a $10 radio and where it is located? How do you show the worth of each item? It seems like the last column only allows TOTAL worth for each catagory. PLEASE, I JUST WOULD LIKE TO SEE AN ACTUAL FILLED IN FORM!!!

[djk]

... PLEASE, I JUST WOULD LIKE TO SEE AN ACTUAL FILLED IN FORM!!!

you'll probably need to do some research to get an actual form. I can say that
the way I filled mine out was for each catagory that had too many items to list I stated "see attached sheet" under description and listed the items and the worth indivdually along with a total on a seperate sheet of paper and then listed the total on the form itself. Some people seem to feel you have to give a complete inventory but I was successful in using "misc." for several catergories and giving a total. I used prices that I would expect to get at a garage sale. as far as the location of the item, it might be wise to include that if the stated value is at or above $1,000, ortherwise it might not be important. Of course, it seems different courts and trustees accept forms differently so it's best to find out what works for your area.

[philnk]

Thanks djk, that helps. If I went into PACER, would filled in schedules of prior cases be available to view?

[djk]

Thanks djk, that helps. If I went into PACER, would filled in schedules of prior cases be available to view?

I don't know. I never looked at any other cases, or even mine for that matter, to see if the forms are online. I've only looked at the docket report to see how the case has progressed. I would guess others here know the answer and will respond shortly if they know. good luck.

[SinkingFast]

I have lived in a RV for 2 1/2 years and camped in Fl the most time in the last 180 days. I am now parked on a friend's property in Wisconsin. I have a South Dakota drivers license, SD title on my camper and tow truck, registered to vote in SD, and a SD address I use for ALL purposes, including federal taxes. I'm assuming I can file for SD exemptions. Or does it sound like I need to file for FL exemptions, or federal exemptions? I can't get a consensus after meeting with several attorneys, but they seemed to lean to SD exemptions.

Anyway, right now all I need is a sample of a filled in Schedule B. How specific does it have to be? Do I need to show a $10 radio and where it is located? How do you show the worth of each item? It seems like the last column only allows TOTAL worth for each catagory. PLEASE, I JUST WOULD LIKE TO SEE AN ACTUAL FILLED IN FORM!!!

You can access other people's filings on PACER. I forget the category it's called, but you can view all the docs of a person/couple's filing. Including how the attny filed the Personal Property Schedule.

But how that's filled out will vary attny by attny. There's one attny here who's going thru and itemizing each and every major household item, date purchased or gifted, original purchase price, and current value. Other attnys are just listing Household items as a one line statement.

The more you itemize, the greater risk you run of having the Trustee pick out things that are not "exemptable" in some way and telling you to give up the items or pay a $$ amount to keep them. Look up a poster called Bubbly. She just went thru that. The Trustee went after all their gardening stuff. They filed Old Law and computers weren't exemptable, so the Trustee went after that too.

Another point, if you don't mind the indulgence,..................

Since your living arrangements have been a bit different,............. Living in Florida for a long period of time but not a resident. Currently in Wisconsin but not a resident. Keeping South Dakota plates and filing taxes there, but not physically living there.

This is probably why attnys are having a time deciding where to categorize you for exemptions purposes. There's a statement in the New Law that addresses an issue like yours. If, for some reason, a person wouldn't qualify for any State's exemptions, the filer can use the Federal Exemptions.

Here's a link to a thread where this issue was discussed:

http://www.bankruptcyforum.com/showthread.php?t=5940

So maybe instead of looking for a particular State you qualify for, the attnys can petition your filing with Federal Exemptions.

[philnk]

Use PACER to see examples

I went into PACER and spent about 3 bucks to view an "asset" case. I guess it is hit or miss on getting a good example vs. a bad example for my needs, but it is a start. I may spend some more money to look at a couple more cases.

[philnk]

thanks to good info SINKING FAST

Thanks much SINKING FAST. Your info had some key elements for me.

[SinkingFast]

Thanks much SINKING FAST. Your info had some key elements for me.

You are most welcome, Phil!!

And it will be hit or miss finding a case similar to your particular situation. I'm not talking moving around. But income, assets, that type of thing. I never did hit anyone quite like us, but I learned a lot of stuff looking at other people's filings anyway.