bankruptcy property value

How is the value of a home figured out in bankruptcy?
If you have a home or land is it what you paid from what you owe they consider equity or what the property is now valued at from what you owe?
They will consider fair market value of your home. For example they will take several homes that have sold in your area to determine how much your home is worth. You can also use your tax statement for your county assessors office
Can I keep my property even though I declared bankruptcy?
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