What is the name of your state? Maryland
OK, I'm in the stage of completing my schedules, but am a little stuck on Schedule D. Here's why:
I have a 1995 Honda Accord with two lienholders. First, my credit union; second a finance company that gave me a personal loan with the car as collaterel. Please let me know if I'm filling out Schedule D properly based on the following:
Creditors Holding...
1)Credit Union-Value of Car:$4950;Amt of Claim:$4870
2) Finance Co-Value of Car:$4950; Amt of Claim;$1613;
Is this right? For the second secured creditor am I still to use the "whole" value of the car or just the portion that the credit union is not entitled to (ex: $79)?
Thanks in advance.
OK, I'm in the stage of completing my schedules, but am a little stuck on Schedule D. Here's why:
I have a 1995 Honda Accord with two lienholders. First, my credit union; second a finance company that gave me a personal loan with the car as collaterel. Please let me know if I'm filling out Schedule D properly based on the following:
Creditors Holding...
1)Credit Union-Value of Car:$4950;Amt of Claim:$4870
2) Finance Co-Value of Car:$4950; Amt of Claim;$1613;
Is this right? For the second secured creditor am I still to use the "whole" value of the car or just the portion that the credit union is not entitled to (ex: $79)?
Thanks in advance.