Property real estate evaluation guidelines for chapter 13 bankruptcy

If you submit a petition for chapter 13 bankruptcy, you must complete a worksheet form that lists all your real and personal property. Their best estimate of the current value of each piece of property will appear on this list. It is generally up to you to make your best estimate of the fair market value of your property. No fixed GuidelinesEstimating is your property in fact completely to you. However, if you register and submit any form of bankruptcy, you will swear under oath that information that you provide correct, is as you know. This means that you can get into serious trouble, if your estimates are so bad that it seems you are a victim of fraud. Therefore, you must determine a reasonable effort that fair market value of your market value of the ValueFair property.Replacement which amount of money it would cost so that you can buy a piece of the replacement of the goods. In other words, it is the amount of money, sell that you can currently buy or property on the open market. Easy for houses, to appreciate the value means that is your recent evaluation of County tax, to consult a current expert assessment or receive award notices a broker on the value of the House. The easiest way to the estimated to use Kelley Blue book or NADA is for cars and other vehicles. You need other properties as TV, home theater and sporting goods can be evaluated with online auctions such as eBay or Craigslist.Disregard DebtWhen estimates are and insert values on your property, the debt to ignore including guaranteed debt. For example, if you have a car value states15. 000 $ and you have saved $13,000 on a loan by the car, you will always give youthe value as $15,000. List in a similar way, when is your home worth$ 200,000 and you have $210,000, nor the value of the House of $200,000. Elsewhere represent debt guarantees petition.Be bankrupt HonestThere is very little Stratégied when estimating your property values. When you try to DIY numbers to integrate certain exceptions, the bankruptcy court may think are a fraud victim, arise no sanctions for contempt. The best course of action is, your search on your best estimate of the value of each property to make, and then use that, although it will disqualify you from an exemption. One thing is just too risky and dishonest. Complete real estate on Annex A and assets estimated values personal on Annex b.