Bankruptcy Appraisal

Why Bankruptcy Courts Require Independent Appraisals

A third-party appraisal protects all involved parties by creating transparency around asset values. It can influence how much debt is discharged, what property is exempt, and how assets are divided among creditors.

A professional appraisal can help:

• Provide evidence for asset exemption claims
• Establish accurate liquidation or market value
• Avoid disputes with creditors
• Clarify ownership, usage, and value of shared or business property
• Support court filings with clear documentation

Intown Appraisals LLC’s Bankruptcy Appraisal Services

Intown Appraisals LLC works with attorneys, trustees, and individuals to ensure the valuation process is complete, credible, and on time.

We provide bankruptcy appraisals for:

• Real estate, including primary residences, investment properties, commercial buildings, and vacant land
• Business assets, such as machinery, inventory, office equipment, and accounts receivable
• Personal property, including vehicles, jewelry, artwork, and collectibles

Each report includes supporting market data, condition assessments, and a full explanation of how value was determined.

What Happens During a Bankruptcy Appraisal Inspection?

During a bankruptcy appraisal inspection, we review each asset in person, take notes and photos, and verify all supporting information. For real estate, we walk the interior and exterior. For business or personal property, we inventory key items and confirm their condition. The inspection ensures that no detail is missed in the final report.

How Are Business Valuations Used During Bankruptcy?

Business valuations are used to determine the worth of a company’s assets, operations, and liabilities. In bankruptcy, this helps the court decide how much of the business can be preserved, liquidated, or restructured. We examine inventory, equipment, receivables, and market conditions to create a comprehensive picture of the company’s current value.

How Soon Should You Request an Appraisal for Bankruptcy Filing?

It’s important to request an appraisal for bankruptcy filing as early as possible to ensure that all documentation is ready before you submit your case. A current, well-documented valuation helps establish the value of your assets and gives your attorney or trustee the information they need to structure your filing correctly. Waiting too long may lead to delays, rushed evaluations, or challenges from creditors if asset values appear unclear or inconsistent.

What’s the Difference Between Liquidation Value and Fair Market Value?

Liquidation value refers to the price assets could bring in a quick sale, often under distressed conditions. Fair market value is what a willing buyer and seller would agree to in a standard transaction. Bankruptcy filings may require either, depending on the chapter filed.