Bankruptcy can be a stressful situation. An inaccurate valuation can have a significant impact on your bankruptcy filing, so it’s important to provide an accurate value for your home on top of all other considerations.
Aside from the obvious reliability issues, underestimating the value may cause the trustee to challenge and ask the court for permission to seize the home. On the other hand, if the value is too high, you may miss the availability of Chapter 7 or pay back more than you need in Chapter 13. For this purpose, lawyers usually recommend obtaining an appraisal report from an experienced real estate appraiser.
Aegis Appraisals’ team of accredited and experienced appraisers understand the complexities involved in valuing properties in these challenging circumstances. In addition to our technical capabilities, we work with the utmost discretion and consideration, providing you with the best possible experience.
Aegis Appraisals also has experience working directly with bankruptcy professionals. Our experts estimate the collateral value of creditor collateral assets and debtor-in-charge (DIP) financing to help identify and evaluate sale/leasebacks, spin-offs, licenses, and other restructuring opportunities. We are frequently involved in evaluating restructured debt and equity instruments, and evaluating and commenting on the fairness of proposed restructuring plans.