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AZ chapter 7 pro se how do I list a car on schedule C

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    AZ chapter 7 pro se how do I list a car on schedule C

    The car is worth $5,000, the loan is $9,000 how do I list it on Schedule C property claimed as exempt

    Description of Property 2004 Ford Mustang

    Specify law providing each exemption A.R.S. 33-1125(8)

    Value of Claimed Exemption ??? Is this a negative $4,000 when I subtract the loan or $0

    Current Value of Property Without Deducting Exemption $5,000

    thanks

    #2
    If you have no equity in an asset, there is nothing to exempt.
    LadyInTheRed is in the black!
    Filed Chap 13 April 2010. Discharged May 2015.
    $143,000 in debt discharged for $36,500, including attorneys fees. Money well spent!

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      #3
      thank you.

      Comment

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