summary of schedules bankruptcy

[mage lang="en|de|en" source="flickr"]summary of schedules bankruptcy[/mage]
In a Chapter 7 bankruptcy, a person holding real estate asset or a liability?

A person is home. Will File Chapter 7 Current on Payments. No equity in the house. Many medical bills, about 5 credit cards. In summary of the dates, he asks the assets and liabilities list. Is the house an asset (large mortgage still due) or a liability because he is still paying for it.

A, house is an asset (Positive) and the mortgage is the transfer of liability (debt, as in something you are responsible for a negative). Everything you own is an asset that you all are guilty a liability. At B is more than a 'you are in a deficit.

Jason Dixon Closing Remarks of DCBSDCon – BSD is Still Dying