Schedule D - Creditors Holding Secured Claims

[shangti]

In plain English what is this form asking?

I listed my cars, is this the correct place for it? One we bought and are paying the loan for it, the other is a lease.

Thanks,

Craig

[Minera]

This is where you list anything debts that a creditor has something they can take back from you if you default i.e. a car loan, or a mortgage. Secured means that the creditor has sort of an insurance policy just in case you default.