The instructions to follow for credit card debt:
Follow these instructions if you do not have any of the tax attributes listed in Part II (other than a basis in
nondepreciable property). Otherwise, follow the instructions for Any other debt below.
1. Check the box on line 1a if the discharge was made in a title 11 case (see Definitions on page 3) or the box on line
1b if the discharge occurred when you were insolvent (see Line 1b on page 3).
2. Include on line 2 the amount of discharged nonbusiness debt that is excluded from gross income. If you were
insolvent, do not include more than the excess of your liabilities over the fair market value of your assets.
3. Include on line 10a the smallest of (a) the basis of your nondepreciable property, (b) the amount of the
nonbusiness debt included on line 2, or (c) the excess of the aggregate bases of the property and the amount of
money you held immediately after the discharge over your aggregate liabilities immediately after the discharge."
There is a helpful Insolvency Worksheet of page 6 of the following Publication:
You do not file this worksheet, just keep for your records.
I can't tell you what else to add to asset list, I don't know what your wife owns! Any property that she has legal ownership interest in should be included--don't forget about retirement funds. The list of assets on the worksheet should help.
If she does not own the car that she drives, then that is not her asset. Your state is not a community property state, she does not have ownership in the vehicle. Form 982 on a joint return when the debt is for one person must be figured with that spouse's debt and assets. You don't combine joint assets and debts.