Schedule C (Property Exemptions)

Schedule C (Property Exemptions) outlines specific property items that a debtor can keep exempt from creditors during bankruptcy. These exemptions protect certain assets—like a primary residence, vehicle, household items, or tools of trade—from being sold off to satisfy debts. The purpose is to ensure individuals retain essential property needed for their basic livelihood and post-bankruptcy recovery. The exact exemptions vary by state, but generally, Schedule C details which assets are legally protected, helping debtors understand what they can keep and what might be used to pay creditors during the bankruptcy process.