I have a question, I have a car right now which is finance by a bank. Should I list it in my settlement funds?
"For assets such as a house, apartment, automobile or land owned by you (and/or your spouse or common-law partner, if applicable) submit proof of ownership and an official statement of valuation."
It is not yet owned because I haven't finished paying for it but should I also add it? Do I need an official statement of valuation for it or can I just add the original amount of the car to my assets and then put the amount I still owe them on my liabilities?
Please help, I am not good with accounting haha.
"For assets such as a house, apartment, automobile or land owned by you (and/or your spouse or common-law partner, if applicable) submit proof of ownership and an official statement of valuation."
It is not yet owned because I haven't finished paying for it but should I also add it? Do I need an official statement of valuation for it or can I just add the original amount of the car to my assets and then put the amount I still owe them on my liabilities?
Please help, I am not good with accounting haha.