Filing for Chapter 7 or Chapter 13 bankruptcy in Colorado can seem like a tedious process, but with the right bankruptcy attorney it doesn’t have to be. An important step in the bankruptcy process is filling out and completing required bankruptcy forms. One of those required bankruptcy forms is called Schedule B – Personal Property, otherwise known as Form 6B. In today’s blog, we’ll discuss Schedule B in more detail.
What is Bankruptcy Schedule B in Greenwood Village?
Schedule B is a form in Greenwood Village and across Colorado that requires you list all personal property you have and the details surrounding that personal property. The idea is to give the bankruptcy court a comprehensive snapshot of your assets.
What Do I Include in Schedule B – Personal Property in Aurora?
Personal property in Aurora and Highlands Ranch includes checking, savings or additional financial accounts; jewelry; firearms; security deposits with phone or utility companies, landlords or others; household goods, and more. In total, there are 34 types of personal property you must list on Schedule B, including “other” personal property not listed on the form. After listing your personal property on Schedule B, you must also provide a description and a location of that property. Additionally, you must list whether the personal property is your personal property, your spouse’s property, or joint property. Finally, you must list the current value of your (the debtor) interest in the property, without deducting any secured claim or exemption.
Be Honest With Your Littleton Bankruptcy Attorney
Honesty is the best way you can ensure you’ll receive the financial relief you’re looking for.
The most important piece of advice I can give you when it comes to filling out Schedule B in Littleton or Centennial, is to be honest. Filing alone and forgetting to include any of your personal property can result in serious consequences, including case dismissals. You could risk not having your debts discharged. That’s why it’s always wise to consult a bankruptcy lawyer. If you’re honest with your bankruptcy lawyer about all of the required information for Schedule B, your bankruptcy process will be smooth and easy. Being honest will also better prepare you for your 341 meeting, or creditor’s meeting. Working with an experienced bankruptcy attorney will ensure you understand each piece of Schedule B and that you receive the financial relief you need at the end of your bankruptcy filing. Exemptions on these assets can also be accurately determined with the assistance of your experienced Littleton Bankruptcy lawyer.
More Questions About Schedule B and the Bankruptcy Process in Denver?
If you have additional questions about filling out Schedule B and other required forms, or more questions about the bankruptcy filing process as a whole, don’t hesitate to contact me. I have been helping financially strapped individuals and families in Denver and Parker find debt relief for more than 25 years. Call my office today so we can set up a free initial consultation.
If you’ve been struggling financially and would like more information about Chapter 7 or Chapter 13 bankruptcy in Colorado, contact experienced Littleton, Aurora and Centennial lawyer Barry Arrington today for a free consultation at 303-205-7870, or submit the “Get Bankruptcy Help Now” form. He will fight to give you the best, fresh start possible.
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