If all the children in Lake Woebegon are above average, all the small businesses our clients run are quite valuable.If the Chapter 13 trustee is asking the question, anyway.
I rail when the Chapter 13 trustee’s business questionnaire asks, “how much would you sell your business for.”
Phrased that way, the question implicates all kinds of facts that aren’t in play in Chapter 13.
First, what would the debtor have to get to part with the business . . .
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