Waldorf, MD asked in Bankruptcy for Maryland

Q: File Chapter 7 Bankruptcy can automobiles be placed on Schedule C: The Property You Claim as Exempt in State of Maryland

I am filing Chapter 7 Bankruptcy in the state of Maryland, trying to protect primary vehicle that has lien from Navy Credit Union and need to know what schedule do I list the car and where do I add the Wild Card

Personal property under federal bankruptcy exemptions

$5000 (applies only to bankruptcy cases)

MD Code Ann. C & JP § 11-504(f)

Wild Card

Cash or property of any kind

$6,000

MD Code Ann. C & JP § 11-504(b)(5)

Please advise

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1 Lawyer Answer
Timothy Denison
Timothy Denison
Answered
  • Bankruptcy Lawyer
  • Louisville, KY

A: Car goes on schedule A/B and Exemption goes on Schedule C.

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