Renters and Security Deposit

[willowhare]

I've seen a lot of info on how to handle a house in bankrupcy, but nothing on what I should do about my security deposit on my rental house. While the landlord is holding onto the money, it is technically "my money" being held onto make repairs if needed.

Do I just never mention it, claim it under the homestead exemption, or do I need to make room for it under my wildcard exemption? Or is it a moot point and I'm overthinking it?

It's not like the trustee won't know about it--the security is listed on the lease that I must file with my bk. BTW-I'm filing in Illinois.

Any other renters out there? What did you do or what have you been advised?

[StartingOver08]

There is a spot in the schedules for rental security deposits

[willowhare]

So if I just list it on the schedules

I should be fine?

[StartingOver08]

Yes, you have to disclose any funds that you have on deposit. That includes a security deposit being held by the landlord. You just have to state who is holding the deposit.