Appraisal on items

[Overmylimit]

Well I am finally at the day, Monday we are filing. I had a question about if they were to come to our home to do a physical appraisal of my belongings, do they notify you they are coming or just show up??

Thanks

[DeadManCrawling]

Unless you live in Florida Middle or Southern district, you will almost certainly NOT be appraised. Even then, you generally have to be over median, have a business, or have large assets listed on the schedules.

Many people fear this scenario, and usually without any good reason.

If you ARE in FL, in those districts, you will be notified at the 341 meeting if the trustee intends an appraisal. Then they will have the appraiser contact you to set a date.

Again, this is extremely rare in other districts, but rather commonplace in FL Southern and Middle.

Best,

-dmc

[HHM]

Generally, no one comes to your home to inventory and appraise your goods. I wouldn't worry about it.

[Overmylimit]

I do have a business but not a lot of assets, I'm trying not to worry too much I just want to be prepared. Thanks

[Overmylimit]

Oh and I am in California Eastern Dist

[ApresMoi]

Well I am finally at the day, Monday we are filing. I had a question about if they were to come to our home to do a physical appraisal of my belongings, do they notify you they are coming or just show up??

Thanks

What happened? Any appraisal required? Thanks.

[Overmylimit]

Not yet, I have my 341 on March 4th so we will see what comes up.

[BKDefender]

Wow - I've never had a trustee request an appraisal of personal belongings except a vehicle (just had one ask for an appraisal today in fact.)

But for personal belongings? I guess I need wealthier clients to get that distinction :-)

--William