Schedule C: The Property You Claim as Exempt (individuals) is a document used by individuals to declare certain property as exempt from creditors when filing for bankruptcy. This document is used to list real property, such as a home, and personal property, such as furniture, that the individual wants to keep out of the bankruptcy estate. There are two types of Schedule C: The Property You Claim as Exempt (individuals): federal and state. The federal version outlines the types of property that are exempt from creditors under federal law. The state version outlines the types of property that are exempt from creditors under state law.
Schedule C: The Property You Claim as Exempt (individuals) is a document used by individuals to declare certain property as exempt from creditors when filing for bankruptcy. This document is used to list real property, such as a home, and personal property, such as furniture, that the individual wants to keep out of the bankruptcy estate. There are two types of Schedule C: The Property You Claim as Exempt (individuals): federal and state. The federal version outlines the types of property that are exempt from creditors under federal law. The state version outlines the types of property that are exempt from creditors under state law.