BANKRUPTCY APPRAISAL SERVICES iN CHICAGO
What Is a Bankruptcy Appraisal?
When filing for bankruptcy, an accurate and defensible appraisal is essential for properly documenting your assets and meeting court requirements. Our certified appraisers provide reliable, unbiased valuation reports that comply with federal guidelines and are accepted by attorneys, trustees, and bankruptcy courts.
With over 15 years of experience across Chicago neighborhoods, including Lincoln Park, Lakeview, Wicker Park, Bucktown, Logan Square, Hyde Park, and surrounding areas, as well as throughout Cook, DuPage, and Lake Counties, we understand how local market conditions impact property values during bankruptcy proceedings.
Our team conducts a detailed analysis of your home’s condition, comparable sales, neighborhood trends, and current market data to determine a fair and supportable value. We work directly with homeowners, attorneys, and trustees to ensure the appraisal meets all documentation standards and is delivered quickly to support time‑sensitive filings.
Whether you are filing Chapter 7, Chapter 11, or Chapter 13, we provide clear, defensible reports that help you navigate the bankruptcy process with confidence and accuracy.
Bankruptcy Appraisal Services in Chicago
We provide bankruptcy appraisals for:
Chapter 7 filings
Chapter 13 repayment plans
Residential properties used as declared assets
Why Choose Our Chicago Bankruptcy Appraisers?
Certified & licensed Illinois appraisers
All bankruptcy appraisals are completed by fully certified and licensed Illinois appraisers who comply with USPAP standards and court requirements. This ensures every valuation is accurate, ethical, and accepted by trustees, attorneys, and the bankruptcy court.
Experience with bankruptcy courts & trustees
We have extensive experience preparing appraisals for Chapter 7 and Chapter 13 cases, working with attorneys, trustees, and court systems throughout the Chicago area. Our reports are structured to meet legal expectations and withstand review or challenge.
Accurate, defensible valuations
Each appraisal is supported by detailed market analysis, verified comparable sales, and clear documentation. This level of accuracy helps avoid disputes, delays, or objections during the bankruptcy process.
Our Bankruptcy Appraisal Process
We make the process simple, transparent, and stress-free.
01
Schedule Your Appraisal
Contact us to schedule your Chicago bankruptcy appraisal at a convenient time. We work efficiently and discreetly to meet court timelines and filing requirements.
02
Property Inspection
The appraiser completes a thorough interior and exterior inspection, documenting property condition, features, and any factors that affect value.
03
Final Report Delivery
You’ll receive a clear, USPAP-compliant appraisal report prepared for submission to the bankruptcy court, trustee, or legal counsel.
Contact Us
Address
5227 N Austin Ave, Chicago, IL 60630
Send Us a Message
Here’s how you can contact us for any questions or concerns.
Frequently Asked Questions
What is a bankruptcy appraisal used for?
A bankruptcy appraisal is used to determine the fair market value of a property for Chapter 7 or Chapter 13 bankruptcy cases. Courts and trustees rely on this valuation to assess assets, equity, and repayment plans.
Is the appraisal compliant with bankruptcy court requirements?
Yes. All of our bankruptcy appraisals are USPAP-compliant and prepared in a format commonly accepted by bankruptcy courts, trustees, and legal counsel in Chicago.
Do you provide appraisals for both Chapter 7 and Chapter 13 cases?
Yes. We provide bankruptcy appraisals for both Chapter 7 liquidation cases and Chapter 13 repayment plans.
What valuation date is used for a bankruptcy appraisal?
The valuation date is typically the petition filing date, unless otherwise instructed by the court or legal counsel. We confirm the correct valuation date before completing the appraisal.
How long does a bankruptcy appraisal take?
Most bankruptcy appraisal reports are delivered within 3–5 business days after the property inspection.
How much does a bankruptcy appraisal cost?
Pricing depends on the property type and complexity. Contact us for a confidential quote.
Take Action Now
Ready to get started with IAS Residential Appraisal Services?
Reach out today to speak with our certified team. We provide free consultations, transparent communication, and a detailed quote based on your specific appraisal needs. Whether you’re a homeowner, real estate agent, attorney, or lender, we’re here to help with professionalism and expertise.