Appraisals of assets, properties and business interests are a routine part of the bankruptcy process. Appraisals are relied upon for such uses as: debtor-in-possession financing, restructurings, reorganization financing, out-of-court reorganizations and turnarounds. First, services are discussed types of traditional appraisal services are discussed. Second, different types (or definitions) of property that may be subject to a traditional appraisal are explored.