The short answer is no. The Bankruptcy laws are mandated by the US Constitution. The purpose of bankruptcy is to allow you to get a “fresh start.” Often, circumstances beyond our control put you in a position where you become insolvent – you are unable to meet your obligations as they become due. I have…

Under the Bankruptcy Code, the value of personal property is determined under § 506(a)(2) which provides: If the debtor is an individual in a case under chapter 7 or 13, such value with respect to personal property securing an allowed claim shall be determined based on the replacement value of such property as of the…