Bankruptcy Appraisals

Bankruptcy work has its own rules

Bankruptcy schedules require a clearly stated value standard and an effective date tied to the petition. Trustees and creditors' counsel read these closely, and an unstated standard invites challenge.

Every report prepared for this purpose states its intended use and intended user explicitly, applies the value standard that purpose requires, and is signed by the appraiser who performed the work. That is not a courtesy — it is what makes the report usable by the party who has to accept it.