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Help for those going through bankruptcy to lower the cash outlay to keep the vehicles that they need
One of the most common dangers is an overblown valuation of your vehicles, getting a realistic appraisal for your vehicles can save you money when you need it most.
A bankruptcy attorney recently recounted this story, "one of my clients filed a bankruptcy petition on which he valued a used car at $3,000. There was no lien on the car. The car had, therefore, $2,000 of non-exempt equity. At the creditors meeting the Trustee encouraged the debtor to get a current appraisal. The next day the debtor obtained an appraisal of $500 for the same car. Bankruptcy debtors should get market appraisals for their cars before filling out bankruptcy petitions. Your bankruptcy attorney is not a car valuation expert, and he is unlikely to change your valuation of your vehicle".
Bankruptcy is about getting a fresh start and regaining control of your financial future, the more cash you can save by doing this simple move.
To get your vehicles appraised, simply call or email Bryan Worley, CAGA Senior Appraiser who can easily setup a time for you 330-949-7653
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