Schedule B deals with all of your personal property. This schedule will deal with anything from the clothes on your back to the vehicle in your garage. Schedule B has a complete categorization of all personal property such as: cash, bank accounts, security deposits, furnishings, clothing, retirement plans, tax refunds, stocks, bonds, mutual funds, interest in a company or corporation, interest in a partnership or joint venture, interest in a sole proprietorship, interest in an inheritance, interest in life insurance, interest in a lawsuit or claim of any kind including loss for personal injury, interest in an oil well, machinery, equipment, inventory, helicopters, boats, office supplies etc... Schedule B provides a column for a description of the type or amount of property you hold within one of the specifically numbered 35 categories. Schedule B also provides a column for the value of whatever personal property you own. Personal property can include anything that is in your name that is not real property, or anything else that you may hold an interest in. Unsure where to list your life insurance policy? Look no further, Schedule B is your answer! The Bankruptcy Code requires full disclosure of all of your personal property. Failure to disclose all of your assets may lead to charges for bankruptcy fraud!

The lawyers at Belsky, Weinberg & Horowitz, LLC are "debt relief agents" assisting individuals to file bankruptcies under Chapters 7 and 13 of the Bankruptcy Code.  Please contact us should you have questions about the process of filing for bankruptcy protection.