When you file for bankruptcy you need to list all of your assets and their values. For some assets it’s fairly simple to determine their worth however it gets difficult for others. Here are the most common assets and means to determine their worth:
Home – For your home you should use the current year property appraiser valuation for the home.
Vehicle – For vehicles you should use KBB.com private party sales to determine the value of vehicles. If you lease your car this is not necessary.
Bank Accounts – Use the amount in the bank account on the date of filing.
Investment Accounts – Use the amount in the investment accounts on the date of filing.
Furniture – Use garage sale or craigslist.org values.
Jewelry – Use what pawnshops would give you for the pieces of jewelry you own.