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Trustee wants to sell stock of nondebtor spouse's
Most, if not all of these sales are to competitors. If she has competitors,
the Trustee has a buyer.
You also have to take into account other things, particularly the lease. If
she has a good lease, the Trustee may just sell that!
Sincerely,
Michael Avanesian
On Thu, Oct 30, 2014 at 10:37 PM, cdcbaa cdcbaamailbox@gmail.com [cdcbaa] wrote:
>
>
> 100% of cp is property of estate. Trustee sells 100%. All proceeds not
> exempted goes to creditors.
>
> Dennis McGoldrick, 350 S. Crenshaw Bl., #A207B, Torrance, Ca 90503
> 310-328-1001-voice
> [image: cid:part1.03050307.05030101@bklaw.com]
>
> On Oct 29, 2014, at 2:46 PM, Holly Roark hollyroark22@gmail.com [cdcbaa] cdcbaa@yahoogroups.com> wrote:
>
>
>
> The likelihood of Trustee finding a buyer for Debtor's nondebtor spouse's
> medical practice is slim because by law he would have to sell the stock to
> another doctor, and it's a highly specialized practice servicing elderly
> people in a Vietnamese speaking community, so probably it would be
> worthwhile to just turn over the stock to the trustee and say "go ahead".
>
> As a practical matter, would trustee sell ALL the stock or just 1/2
> because (even though all the community property is property of the estate),
> nondebtor spouse should still be able to be paid his share of the CP. I
> assume Trustee would sell 100% of the stock and pay nondebtor Spouse his CP
> share because otherwise, to sell just 1/2 would be essentially forcing the
> doctors into some kind of partnership.
>
> If trustee managed to sell the medical practice, does that mean the buyer
> takes over the whole office? What if the landlord doesn't want him there?
> And the patients are not going to stay with that new doctor. This is why
> such a sale seems remote. And the patients can follow the doctor to his
> new office.
>
> Can someone please explain how such a sale actually looks in real life?
>
>
> 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
>
>
> **For a quicker response, email me at holly@roarklawoffices.com.
> I only use gmail for my listservs, and am likely to miss private emails
> directed to my gmail account.**
>
>
>
>
Most, if not all of these sales are to competitors. If she has competitors, the Trustee has a buyer.You also have to take into account other things, particularly the lease. If she has a good lease, the Trustee may just sell that!Sincerely, Michael AvanesianOn Thu, Oct 30, 2014 at 10:37 PM, cdcbaa cdcbaamailbox@gmail.com [cdcbaa] <cdcbaa@yahoogroups.com> wrote:
100% of cp is property of estate. Trustee sells 100%. All proceeds not exempted goes to creditors. Dennis McGoldrick, 350 S. Crenshaw Bl., #A207B, Torrance, Ca 90503 310-328-1001-voiceOn Oct 29, 2014, at 2:46 PM, Holly Roark hollyroark22@gmail.com [cdcbaa] <cdcbaa@yahoogroups.com> wrote:
The likelihood of Trustee finding a buyer for
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