Property, Assets, and Exemptions (Schedules AB, C)

Edited

HOW TO: Add Assets and Claim Exemptions in Glade's Bankruptcy Schedules Builder

Overview

Adding assets to Schedules A/B and claiming exemptions in Schedule C is a critical part of bankruptcy filing. Glade's Bankruptcy Schedules Builder automates much of this process with AI assistance for determining appropriate exemptions.

Benefits

  • Automatically imports associated properties from client credit reports

  • Includes default asset categories (vehicles, checking accounts, cash, retirement, etc)

  • AI-powered exemption recommendations based on state laws

  • Side-by-side comparison with official bankruptcy forms

  • Search functionality to quickly find specific assets

Process Steps

  1. Select Exemption Approach

  • Choose between state/federal non-bankruptcy exemptions or federal exemptions

  • Your selection applies to all exemptions throughout the filing

  1. Review Pre-Populated Assets

  • System automatically includes assets from credit reports

  • Default categories appear (vehicles, checking accounts, cash, retirement, etc)

  • Remove unnecessary assets by selecting them and clicking "remove"

  1. Add Additional Assets

  • Click "add item" to include assets not already listed

  • Select the asset type (real estate, vehicles, electronics, etc.)

  • Form fields will dynamically change based on the asset type selected

  • Complete all required information for each asset

  1. Claim Exemptions

  • For each asset, scroll down and select "claim as exempt" if applicable

  • The system pre-fills:

    • State of filing

    • State vs. federal exemption preference

    • Specific laws allowing the exemption (from AI database)

    • Recommended exemption amount

  1. Review Completed Schedules

  • Click "show fillable PDFs" to view Schedule A/B

  • Click "regenerate" to update the form with your entries

  • Use the search function to locate specific assets or categories

  • Review Schedule C to confirm all claimed exemptions appear correctly

Notes

  • The AI provides transparency about how exemption recommendations are determined.

  • You can manually adjust AI-suggested exemptions as needed.

  • You can view and change exemption information - just click the 'Populated by Ai' button underneath the field to reveal the exemption data.

  • Everything marked exempt in the master property list automatically appears in Schedule C

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