Chapter 7 In CA
I need some input about how to figure out what my house is worth? I owe around $105,000. and from the comps I've pulled in the area (all mobiles) run from $75,000. up to $175,000. What basis do I use to assign a value? How much effort does the trustee put into affirming what I claim? I also have a 98 Tahoe with 200,000+ miles on it. What are my chances of keeping that?
Answer:
Different trustees in different states have different ways of valuing property. I suggest you ask your attorney how things work in your area. Assuming you can exempt its net value, the odds are excellent you can keep your car.
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