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I know you just helped with this. I just want to make sure I get this right. I've been back to court 3 times
You should use an online petiton preparer service they charge $200 or less, but I will help you on this
On schedule C,
thanks this seems to be the only problem.
Let me provide you a sample
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
Okay and the current value would be the 30k its worth?
Column 3 Value of Claimed Exemption.
Bankruptcy law allows married couples to double all exemptions unless the state expressly prohibits it. That means that each of you can claim the entire amount of each exemption, if you are both filing. If your state’s chart in Appendix A of your online book doesn’t say your state forbids doubling, go ahead and double. You are entitled to double all federal exemptions, if you use them.
Column 4 -Current Value of Property Without Deducting Exemption
Enter the current value of the item you are claiming as exempt. For most items, this information is listed on Schedules A and B.
So in my case it would be 10k for each column.
I will read the link.
the current value would be 30,000
The exemption value, is how much you want to claim as part of the CA exemption
so if you will be claiming 10,000 for each that is fine
Let me correct something,
On the top, you can check,
522(b)(2)" for state bankruptcy.
Their is a sample above,
The second box needs to be checked, 522(B)(3) NOT (2)
THE LINK ABOVE IS A CALIFORNIA SAMPLE SCHEDULE C, IT HAS ALL THE EXEMPTIONS AND YOU SHOULD USE IT FOR YOUR CASE.
thanks so much.
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