Certain sections of the Bankruptcy Code or Law will require you to determine the value of your personal property and real property, or real estate.  Your attorney will provide you with assistance with this calculation, but your attorney is also required under law to provide you with a written explanation of this term. 
For personal, family and household purposes the replacement value is the value a retail merchant selling the item would charge you considering the age and condition of the item.  The Bankruptcy code or law does not define the term “retail merchant”
For additional assistance with this issue or any other bankruptcy related issue, please contact the Office of John Rogers, Attorney at Law at johnrogers@glasgow-ky.com  or toll free at 1-888-651-9353.  John Rogers, Attorney at Law is Certified – Consumer Bankruptcy Law – American Board of Certification and is a member of the National Association of Consumer Bankruptcy Attorneys.