Tips for Completing Schedules

Schedule A, Real Property: Real property is real estate.

Schedule B, Personal Property: Personal property is everything else, such as cash, cars, clothes, books, furniture, dishes, computers, televisions, software, stocks, bonds, pets, etc. Follow the instructions on each schedule.

Schedule C, Property Claimed as Exempt: See the court’s document entitled “Exemptions.” If you are going to claim exemptions under the federal statute, check the box on Schedule C for 11 U.S.C § 522(b)(2). If you are going to claim exemptions under state law, check the box on Schedule C for 11 U.S.C. § 522(b)(3). Note: to claim exemptions under New Mexico state law, you must have been domiciled in New Mexico for the 730 days immediately preceding the date you file the petition.

Schedules D – G: Read the instructions and complete each schedule being careful to enter accurate and complete information. You must submit every schedule whether the schedule applies to your situation or not. If you have nothing to report on a schedule, make a notation on the schedule or check the block, if any, indicating that you have nothing to report.

Schedule H, Co-debtors: New Mexico is a community property state. Be sure to list any non-filing spouse or former spouse (during 8 prior years) as a co-debtor.

Schedule I, Current Monthly Income of Individual Debtor(s): Line 13, specifically state whether or not you expect an increase in income in the 12 months from the date the petition is filed.

Schedule J, Current Expenditure of Individual Debtor(s): Line 24, be sure to specifically state whether or not you expect an increase in expenditures in the 12 months from the date the petition is filed.

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