Truthful Property Valuations Are Important When Filing Bankruptcy

Since the passing of the BAPCPA (Bankruptcy Abuse Prevention and Consumer Protection Act) debtors filing bankruptcy are required to value their assets at replacement cost. The truth is, when you hire a bankruptcy attorney they are required to give you a notice of the Bankruptcy Code section 527C. How this was explained to me is, a person must determine how much their property is worth at today's value.

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