Property valuation in Bankruptcy

telegraphman

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Joined: Apr 2013

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Property valuation in Bankruptcy

8th April 2013, 09:24:AM

Can anyone please advise if in a bankruptcy case the creditors must consider a property valuation by an RICS surveyor as opposed to a local estate agent. I am in this situation and the equity in my property is being considered based on a local estate agents market appraisal which I believe to be an optimistic. If I were seeking a mortgage the bank would insist on a professional valuation, should this not also be the case when the property is being valued in the case of bankruptcy ?

Last edited by telegraphman; 8th April 2013, 11:13:AM.

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