Question
You have been asked to review the following debtor's list of assets and to prepare the schedule claiming property exempt from the bankruptcy estate.Please use
You have been asked to review the following debtor's list of assets and to prepare the schedule claiming property exempt from the bankruptcy estate.Please use the federal exemptions as designated in the Code.Please select and prepare the correct schedule from the official forms by accessing the following link
https://www.uscourts.gov/forms/bankruptcy-forms
- Assets for Penelope Poore, single female
- 1. Residence, 404 Shiner, Oklahoma City, TX.
- Market value: $50,000.00. Mortgage: $47,500.00
- 2. 1991 Toyota PU
- Market value: $2,000.00
- 3. Clothing
- Market value: $1,000.00
- 4. Household furnishings
- Market value: $10,000.00
- 5. Mixed breed puppy
- Market value: $10.00
- 6. Jewelry
- Market value: $1,500.00
- 7. Home computer
- Market value: $500.00
- 8. Exer-cycle
- Market value: $200.00
- 9. Beanie Baby Collection
- Market value: $5,000.00
- 10. Savings account at Last National Bank
- Market value: $2,000.00
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Accounting Business Reporting For Decision Making
Authors: Jacqueline Birt, Keryn Chalmers, Albie Brooks, Suzanne Byrne, Judy Oliver
4th Edition
978-0730302414, 0730302415
