When completing the bankruptcy forms, you must provide the value of each item of your personal property, such as cars, furniture, jewelry, and the like. You will list these values on Schedule B of the bankruptcy forms, as well as a few other forms.
On your Chapter 7 and Chapter 13 bankruptcy paperwork you must list the personal property that you own and assign a value to each item. Correctly valuing your personal property is important in bankruptcy, because an item's value may determine whether or not you can keep it in your bankruptcy. You must
When you fill out your bankruptcy paperwork you will be asked to disclose information regarding your financial affairs. In addition, you will need to back up that information by providing certain documents to the bankruptcy trustee.