oil, gas and mineral rights valuation in potential Ch.
Posted: Thu Apr 12, 2012 10:17 am
In a chapter 13 you have much better control over the valuation as the trustee has no motivation to do an independent analysis. An appraisal is always good since you may be responding to a creditor's objection. As Jason says there are numerous factors to take into account in making that determination of projected value, value to the hypothetical chapter 7 estate, costs of administration etc. But if you provide some reliable, thoughtful evaluation of the asset you most likely not face an objection or contradictory evidence by the trustee.
The post was migrated from Yahoo.