3.3.4 Counting Assets

The equity value The wholesale value or a value estimated by a sales representative at a local business minus any encumbrances that are legal debts. of all assets not specifically disregarded must be counted.

EXAMPLE : Susan owns a coin collection worth $5,000. She also has a legal debt against the collection in the amount of $3,000. In this case, $2,000 shall be counted as an asset.