Appraisals for Bankruptcy: Assessing Assets in Financial Distress
July 5, 2023
Filing for bankruptcy can be a difficult choice for any individual or business. Bankruptcy proceedings not only require extensive financial and legal assistance, but also involve the assessment of assets. This is where an appraiser steps in. An appraisal for bankruptcy is a legal document used to determine the fair market value of assets in cases of insolvency or financial distress. This blog post will discuss the role of an appraiser in bankruptcy, the types of appraisals used, the process of obtaining an appraisal, and more.