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owned assets with a total current value of $144,322, inclusive of
the following:5
Assets Current value
Cash $3,528
Investments 3,438
Cash value of life insurance 22,771
Vehicles:
1989 Pontiac LE 225
1997 Chevrolet Scottsdale 500
1999 Buick LeSabre 3,860
2000 BMW motorcycle 3,500
Home 89,000
Other real property 17,500
144,322
The Form 433-A also reported that petitioners had a single debt
of $7,236, all of which was attributable to the 1999 Buick
LeSabre, and the following monthly items of income and expense:
Items of income Amount
Husband’s pension $3,572
RAVA annuity payout 1,029
IDS life insurance annuity 106
4,707
Items of expense Amount
Food, clothing, and miscellaneous $1,020
Utilities 657
Transportation--Purchase 189
Transportation--Operation 399
Medical expenses 1,087
Taxes (Income) 554
Life insurance 300
Other expense 500
4,706
5 Form 433-A states that each asset reported on the form
should be valued at its “Current value”, defined on the form as
“The amount you could sell the asset for today”.
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Last modified: May 25, 2011