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owned assets with a total current value of $177,598, inclusive of
the following:7
Assets Current value
Cash in accounts $13,418
Retirement accounts 105,440
Furniture/personal effects 3,000
Real Estate 36,000
Mobile home 8,950
Vehicles:
1977 Ford Van de minimis
1981 VW Pickup -0-
1990 VW Jetta 460
2001 VW Passat 10,330
177,598
The Form 433-A also reported that petitioners had a single debt
of $7,948, which was attributable to the 2001 VW Passat, and the
following monthly items of income and expense:
Item of income Amount
Husband’s pension $4,551
Items of expense Amount
Food, clothing, and miscellaneous $1,271
Housing 682
Transportation 1,244
Medical expenses 1,103
Taxes (Income) 446
Life insurance 5
Other expenses 400
5,151
7 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