Another question

[need help]

Sorry to keep bothering all of you on here but I have another question that I need help on.
Quection is: On schedule "D" creditors holding secured claims how would I go about answering these" (1) Nature of lien--on my loan from the finance company would I put collateral and the market value of what they have as collateral would not even add up to 300.00. If this is how it is don would I put the bluebook value on the truck I have? (2) How would I know the amount of claim without deducting value of collateral. I just cant understand how to fill this sheet out. I do know there is no unsecured portion.

Please help me again.

[SinkingFast]

OK,............

There's a Sticky Thread up top of the Ch 7 Section. "What Trustees Look For". There's a link there to a petition with all kinds of notes and tips.

For the fine points of filling out the forms, were I you, I'd set up a PACER acct and look at filings by attnys in your area. Poke around a bit until you find a Ch 13 or Ch 7 that kinda looks like your situation. A single person or a married couple. Then take a look at their docs for their petition. You can see there how an attny filled out the forms to know what you should do.

I looked at one file I'd saved from PACER. On the people's car, they had a purchase money lien against the vehicle. The attny listed the Value as $3500. In the "Amount of Claim" box, the attny listed the current amount owed on the loan. The attny listed $0.00 in the "Unsecured Portion if Any" column.

The people also had CC purchases from Sears for a vaccum cleaner and a pushmower. The attny listed the amount the people had originally paid as the value. Then, in the "Amount of Claim" box, the attny listed what the people currently owed to Sears. In this case, the Value of the items purchased was $750. The amount owed was $1500. So the attny entered $750 in the "Unsecured Portion" column.

Hope this helps.