Estimating the Value Of Your Property
Tuesday, September 8th, 2009As you are getting ready to file for bankruptcy protection, one piece of information your attorney will request from you is a value of every item of property you own. Your attorney will want you to make a list of all the property you own and give an estimate of the fair market value. There’s no need to worry about this part of the process; the request for valuation does not mean any of your property will actually be sold, most families don’t own property worth more than the state exemption limits. Even if you have substantial property, it is still possible to protect the value above exemptions by filing for Chapter 13.…