Q: In ch13, how do u adjust for the hypothetical sales costs for 2 houses-1 w/ several people on title, the other w/ spouse
The people on both houses, would not be filing ch13. In other words, if you assume that each will litigate to block the sale , how is this estimated in the sales cost of the hypothetical sales event ala a ch 7? The adjustment mentioned here is the adjustment to yield a net valuation of the houses used to calculate (non protected) equity
A:
When you file the only thing that matters is what belongs to you.
In the Chapter 13 the unsecured creditors have to get as much as they would have gotten in a chapter 7 liquidation.
Valuations are litigated all the time.
You can have appraisals and the trustee can have appraisals.
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