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Ellen
Ellen, Attorney
Category: Bankruptcy Law
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Experience:  Bankruptcy Lawyer. Experienced.
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when filling out bankruptcy form schedule c, do you put the

Resolved Question:

when filling out bankruptcy form schedule c, do you put the amount of equity in the value of exemption area of the actual value of the property
Submitted: 7 years ago.
Category: Bankruptcy Law
Expert:  Ellen replied 7 years ago.
The amount of equity being claimed as exempt would be placed in the value of exemption area. Here is a link to the instructions:

http://www.uscourts.gov/bkforms/official/b6c-inst.pdf
Ellen and 2 other Bankruptcy Law Specialists are ready to help you
Customer: replied 7 years ago.
So if there is no equity in the home and you are upside down you would put zero.
Expert:  Ellen replied 7 years ago.
Correct

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