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Be as complete and accurate as possible. If two married people are filing together, both are equally responsible for supplying correct information.When filing for bankruptcy, one of the many forms you must complete is Schedule C: The Property You Claim as Exempt. One of the documents you file with your bankruptcy paperwork is Schedule C: The Property You Claim as Exempt. On Schedule C – Property You Claim as Exempt tells the court about the property you are keeping. You use "exemptions" to keep property. (Official Form 106C) lists the property that you believe you are entitled to keep. Use Fill to complete blank online US COURTS pdf forms for free. Once completed you can sign your fillable form or send for signing. In general, you can deduct expenses of renting property from your rental income.