If You're Facing A Bankruptcy, Read This First!
March 23, 2021
Thousands of American’s are currently facing bankruptcy, thanks to the COVID-19 pandemic. The effects of the shutdown of many local businesses in an attempt to slow the spread of the virus, have weakened the financial security of families across the country, forcing them to seek relief through the courts.
If you’re one of the many facing this dire situation, take no shame in having to reorganize your finances through the bankruptcy process. Like yourself, millions of successful people nationwide have used Chapters Seven and Eleven bankruptcy to start over and recreate their financial wellbeing. After all, it’s a legal parachute meant to keep you from crashing and burning alive. Hold your head up high; you are not alone!
At some point in the bankruptcy process, you’ll be required by the court to properly document the value of your larger ticketed possessions including vehicles, boats, motorcycles, and recreational vehicles, such as ATV’s, camper trailers, personal watercrafts, etc.
This is where too many people end up costing themselves thousands of dollars in additional settlement payouts because they rely solely upon the values published by Kelly Blue Book, NADA and other pricing guides to find the value of these items. However, these guides are often wildly inaccurate and misleading in establishing the actual values.
You can easily avoid this unfortunate scenario in an already bleak situation by hiring a professional appraiser to accurately find and document what your vehicle, boat, bike or RV’s is worth. Many wrongly assume that hiring a professional appraiser is financially prohibitive in light of their pending bankruptcy, however, it's actually not as costly as one might think. Spending a couple hundred dollars to save yourself thousands, just makes sense.
Auto Appraisal Network of Mid Atlantic Region appraisers have the experience and knowledge to accurately value the motorized vehicles you own to help safeguard your assets. We appraise custom, classic and late model cars, trucks, motorcycles, boats, personal watercraft and recreational vehicles through an in-depth, accurate valuation of your items, so you don’t overpay your creditors. Our professional appraisal reports are accepted by financial institutions and court systems nationwide.
Let us help put your mind at ease during this challenging life event. Contact us today at (443) 232-1818 for a free quote.
You’ll be glad you did!
TagsAll blog Auto Appraisal
Avoid this mistake when filing for bankruptcy- It could cost you thousands of dollars in additional settlement payouts!
What is Diminished Value?
Need help finding a reputable car dealer or mechanic? It can be tough! Find out how to do it and who can help you.
How Long Does a Car Inspection Take?
What is an Insurance Claim? 10 Helpful Hints
What Can Fail a Car Inspection? The Trap Owners Must Learn to Avoid
What The Insurance Company Doesn’t Tell You After You’ve Been In A Car Wreck
Want Safer Driving?
Benefits of Using the Good Auto Battery