Licensed Insolvency Trustees & debtors
Bankruptcy & Consumer Proposal Home Appraisal in Canada
Document home equity defensibly for your bankruptcy or consumer proposal.
Report type
Form or narrative appraisal addressed to the Licensed Insolvency Trustee.
Typical turnaround
5–10 business days.
Intended users
Licensed Insolvency Trustees (LITs), Debtor's legal counsel, Creditors / lenders
Cost framing
Standard residential pricing, sometimes coordinated through the LIT.
What you provide
- Mortgage statement
- Current condition info
- Trustee instructions
What you receive
- LIT-addressed appraisal report
- Comparable sales
- Reconciled opinion of value
Common pitfalls
What goes wrong — and how to avoid it
Drive-by reports
Trustees often prefer full inspections to reduce later challenges from creditors.
Questions to ask
Before you hire any appraiser
- →Have you worked with Licensed Insolvency Trustees before?
- →Will the report meet creditor scrutiny?
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FAQ
Bankruptcy / Proposal appraisal questions
Typically the debtor, often arranged through the LIT and reimbursed as part of the estate.
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