No, your life is not over, and you will come back better (less debt, less stress). The good people on this site will help get you through it. Everything is going to be okay......

I redid the KBB condition quiz and it came back "fair" (I noted everything that was applicable, even little things - dings, dents, minor electrical issues, etc.).

When submitting trustee docs, should I include the quiz with the valuation or just the valuation page?

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Congratulations! I am very glad to hear it was such a short meeting!

Regarding the couple that was being grilled that had no attorney, do you recall the nature of the questions they were being asked to provide detail on? What did they forget to include in their paperwork?
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Sounds like a good plan.......

I took the KBB car condition quiz and it came back "good". I was hoping for "fair". I am just stunned that an old sedan could be worth what it says....

Agreed. My hope was to just get a list of repairs that the car needs, from my dealership. But I don't think trustee will accept that....

Yeah, needs all of the above. I am not sure how much all that comes to, though, maybe a few hundred bucks?...

A place I just called quoted me $ 250.00 (they are on the list of cert appraisers which is a pretty short list).

Exactly.

Anyways, the form states they won't accept Carmax or an appraisal that isn't certified. God only knows what that means, there are several types of "certified" auto appraisals. ASCAA seems legit (American Society of Certified Auto Appraisers).

h...

Yup, KBB PPV is showing $ 1300 higher than Edmunds clean PPV....

Go figure, indeed. Aren't you fortunate? My current KBB PPV is not spot on. I will get it appraised. That is all I can do. This stress is going to give me a bleeding ulcer. In a worse case scenerio, I will file an amendment and use every dime of exemptions to keep my car and there will not be a penny...

Upon reviewing the list of docs that I need to send trustee, the vehicles box states KBB PPV will be used unless I have a written appraisal from a 'certified' appraiser noting the retail value less retail cost of repairs.

I am so upset - I had planned on submitting the Edmunds clean PPV....

I am not a fan of Ramsey. I don't dislike him personally - seems like a decent guy - but his plan is based on having a significant amount of disposable income. Telling people they will save money by doing a 15 year mortgage instead of a 30 year - well, no sh**. But most families can't do that....

It looks like Edmunds "clean" private party value most closely resembles what I honestly feel the car is worth and to what I indicated on my property schedule (it is $ 100 over).

I think I will be okay.

No, I was just going to have the dealership tell me what work needs to be done (for bankruptcy valuation purposes). I don't mean an appraisal.

When you say your valuation was likely close to NADA, which NADA value are you referring to (average trade-in, clean private party, clean trade-in...

Glad to hear it went smoothly! I just made an appointment at my local dealership and I am just going to be straight-up with them and tell them it is for bankruptcy valuation and to let me know of any work that it is currently in need of. I do know that I need new tires, as well.

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Do you know which NADA value they use?

Yeah, the differences among some of the sites was significant. The KBB numbers are outright fantasy. The average of NADA 'clean retail' and 'clean trade in' seemed to yield a seemingly fair number. I am not sure trustee allows for 'averaging'...

I am nervous because KBB PPV now is showing higher than when I was filling out my paperwork (case is already in progress).

Frankly, the value shown on KBB PPV is ridiculous. I am thinking of going to my local dealership and getting an appraisal just to be safe in case any complications...

Hi Sophieanne,

I already filed Pro Se, can't afford a lawyer (I am not being frugal, I literally can't afford one). I am in the midst of preparing my docs to send over to the trustee.

I guess I will just send it as I filed it since that is the official tax return. I...

I filed my 2020 taxes early, before the American Rescue Act - so now, instead of owing money, I will be getting a refund (due to the amount of UE income that is now deemed not taxable income). IRS states they will make these adjustments and advised not filing an amendment in most cases. My 341 meeting...