Bankruptcy Appraisals: Accurate Valuations When They Matter

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Ever wonder how a bankruptcy debtor calculates the value of their home? When your attorney asks you to estimate your home’s value, accuracy is critical. In fact, many attorneys recommend their clients contact a local real estate appraiser to perform a professional appraisal that accurately assesses the home’s current fair market value.

An appraisal provides you with a credible, well-supported valuation that can help prevent serious problems in bankruptcy. If the value is listed too low, a trustee may object to your scheduled valuation and even request the court’s permission to seize your home. A “low ball” value can also call your honesty and credibility into question with the judge, trustee, and opposing counsel. On the other hand, if the value is listed too high, you may lose the opportunity to file under Chapter 7 or end up repaying more than necessary in a Chapter 13.

Because of these risks, appraisers play an integral role in the bankruptcy process. Professional real estate appraisers help:

• Estimate asset and collateral values of secured creditors and debtor-in-possession (DIP) financings
   
• Identify and value sale/leasebacks, spin-offs, licensing, and other reorganization opportunities
   
• Assist in structuring and valuing restructured debt and equity instruments
   
• Provide fair and defensible opinions on proposed reorganization plans
   

At Anderson Appraisals, our certified and experienced appraisers understand the complexities of assessing property value under these challenging circumstances. We are committed to providing accurate, reliable valuations—and handling your situation with the professionalism and discretion it deserves.

Call or email us today to discuss your bankruptcy appraisal needs.