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522(f) question
There isn't any non exempt equity.
Holly Roark
Certified Bankruptcy Specialist*
*and Sports Lawyer*
holly@roarklawoffices.com **primary email address**
www.roarklawoffices.com
Central District of California - Consumer Bankruptcy Attorney
1875 Century Park East, Suite 600 Los Angeles, CA 90067
T (310) 553-2600; F (310) 553-2601
*By State Bar of California Board of Legal Specialization
**Counsel for Chapter 13 Trustee Kathleen A. McCallister (Idaho) T (208)
922-5100
On Wed, May 6, 2015 at 8:21 AM, Shannon Doyle
sdoyle@ebankruptcyassistants.com [cdcbaa] wrote:
>
>
> Yes that is correct but how are you protecting the other 75k non-exempt
> equity? Is this a Ch13?
>
>
>
> [image: New Professional Pic2]
>
> Shannon A. Doyle
>
> *Attorney | Virtual Bankruptcy Assistant*
>
> *Phone: 855-378-4080 *
>
> *Fax: 562-249-8435 *
>
> [image: PetitionPartnD05bR08aP01ZL-Madison8a]
>
>
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>
>
> *From:* cdcbaa@yahoogroups.com [mailto:cdcbaa@yahoogroups.com]
> *Sent:* Wednesday, May 06, 2015 12:22 AM
> *To:* cdcbaa
> *Subject:* [cdcbaa] 522(f) question
>
>
>
>
>
> Just so I'm clear on the math:
>
> If the house is worth $500,000
>
> And the voluntary liens are $350,000
>
> And the judgment lien is $100,000
>
> And the Debtor has a $ 75,000 homestead exemption,
>
> Is it true that I can only remove $25,000 of the judgment lien and not the
> entire lien?
>
>
>
>
>
> Holly Roark
>
> Certified Bankruptcy Specialist*
>
> *and Sports Lawyer*
>
> holly@roarklawoffices.com **primary email address**
>
> www.roarklawoffices.com
>
> Central District of California - Consumer Bankruptcy Attorney
>
> 1875 Century Park East, Suite 600 Los Angeles, CA 90067
>
> T (310) 553-2600; F (310) 553-2601
>
> *By State Bar of California Board of Legal Specialization
>
> **Counsel for Chapter 13 Trustee Kathleen A. McCallister (Idaho) T (208)
> 922-5100
>
>
>
There isn't any non exempt equity.
The post was migrated from Yahoo.
charset="UTF-8"
There is no nonexempt equity because of the unavoidable portion of the judgment lien.
Frank X. Ruggier, Esq.
Certified Bankruptcy Specialist *
15760 Ventura Blvd., Suite 880
Encino, CA 91436
Tel: (818) 796-3529
* certified by the State Bar of California Board of Legal Specialization
The post was migrated from Yahoo.
Correct.
Mark Jessee
Sent from my iPhone
> On May 6, 2015, at 12:21 AM, Holly Roark hollyroark22@gmail.com [cdcbaa] wrote:
>
> Just so I'm clear on the math:
>
> If the house is worth $500,000
> And the voluntary liens are $350,000
> And the judgment lien is $100,000
> And the Debtor has a $ 75,000 homestead exemption,
>
> Is it true that I can only remove $25,000 of the judgment lien and not the entire lien?
>
>
>
> Holly Roark
> Certified Bankruptcy Specialist*
> and Sports Lawyer
> holly@roarklawoffices.com **primary email address**
> www.roarklawoffices.com
> Central District of California - Consumer Bankruptcy Attorney
> 1875 Century Park East, Suite 600 Los Angeles, CA 90067
> T (310) 553-2600; F (310) 553-2601
> *By State Bar of California Board of Legal Specialization
> **Counsel for Chapter 13 Trustee Kathleen A. McCallister (Idaho) T (208) 922-5100
>
The post was migrated from Yahoo.
Just so I'm clear on the math:
If the house is worth $500,000
And the voluntary liens are $350,000
And the judgment lien is $100,000
And the Debtor has a $ 75,000 homestead exemption,
Is it true that I can only remove $25,000 of the judgment lien and not the
entire lien?
Holly Roark
Certified Bankruptcy Specialist*
*and Sports Lawyer*
holly@roarklawoffices.com **primary email address**
www.roarklawoffices.com
Central District of California - Consumer Bankruptcy Attorney
1875 Century Park East, Suite 600 Los Angeles, CA 90067
T (310) 553-2600; F (310) 553-2601
*By State Bar of California Board of Legal Specialization
**Counsel for Chapter 13 Trustee Kathleen A. McCallister (Idaho) T (208)
922-5100
Just so I'm clear on the math:If the house is worthxemption, Is it true that I can only remove $25,000 of the judgment lien and not the entire lien?
The post was migrated from Yahoo.