How to Calculate the Value of Assets in a Chapter 13

1). Identify the marketplace pricing guide that is most appropriate for the type of asset. For a car, this is the Kelley Blue Book, and for other personal property, this is probably eBay or other used-goods retailers.
2). Research open market prices on items similar to your asset. Reviewing the actual or suggested sales price of similar items will help you roughly estimate a value of your asset.
3). Account for any increase or decrease in value based on the condition of your asset. For example, if your asset is damaged, it will be of less value, but if it has some distinctive characteristic, it may have a higher value.
4). Account for various types of asset ownership. For example, if you are only the half-owner of a car, you should reduce the value of the car by half so that you only show the value of the portion you own.
5). Call a local retailer to verify your estimated value. This step is necessary only if you haven't been able to gather good information from the open market.