Bankruptcy Appraisal Services

A bankruptcy appraisal is a financial figure to determine a person’s income debts and obligations. It is usually used to establish the capacity of a person who is thinking of declaring bankruptcy to pay accumulated debts or to obtain the forgiveness of these obligations.

Federal regulations dictate that the court requires a bankruptcy appraisal to proceed to analyze the situation of the individual applying for it.With this type of appraisal.

The judge can determine and evaluate if the person can apply for a Chapter 7 bankruptcy or approve a payment plan for a type 13 bankruptcy.