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In a 13 Plan can debtor sel his truck if he owns it free and clear?
Plan is not yet confirmed. The debtor just wants to know if he needs money at some point in the future that he has the option of selling his truck to raise money for his family - not his creditors.
Thank you.
>
> Section 363 if the truck is property of the estate. Nothing required if not
> property of the estate. Has the plan yet been confirmed? What does the
> plan say about vesting of estate property?
>
>
> David A. Tilem
> Certified Bankruptcy Specialist*
> Law Offices of David A. Tilem (a debt relief agency)
> 206 N. Jackson Street, #201, Glendale, CA 91206
> Tel: 818-507-6000 Fax: 818-507-6800
>
> * Bankruptcy specialist cert. by State Bar of CA Bd of Legal
> Specialization.
> Business bankruptcy specialist cert. by Amer. Bd. of Certification
>
>
> -----Original Message-----
> shawnswhite
> Sent: Thursday, February 11, 2010 8:03 PM
> To: cdcbaa@yahoogroups.com
> Subject: [cdcbaa] In a 13 Plan can debtor sel his truck if he owns it free
> and clear?
>
>
>
>
> The truck has no liens agains it. It is not part of debtors paln. If he had
> filed a 7 instead of a 13 the truck would be exempt.
>
> Can he sell it if he has an emergency need for funds? Or more precisely can
> he keep the sale proceeds? Does he need permission?
>
> Thank you,
>
> Shawn
>
The post was migrated from Yahoo.
Scream or die motion
Dennis McGoldrick
350 S. Crenshaw Bl., #A207B
Torrance, CA 90503
On Feb 11, 2010, at 8:02 PM, "shawnswhite" wrote:
The truck has no liens agains it. It is not part of debtors paln. If he had filed a 7 instead of a 13 the truck would be exempt.
Can he sell it if he has an emergency need for funds? Or more precisely can he keep the sale proceeds? Does he need permission?
Thank you,
Shawn
Scream or die motionDennis McGoldrick350 S. Crenshaw Bl., #A207BTorrance, CA 90503On Feb 11, 2010, at 8:02 PM, "shawnswhite" <shawn@cabankrupt.com> wrote:
The truck has no liens agains it. It is not part of debtors paln. If he had filed a 7 instead of a 13 the truck would be exempt.
Can he sell it if he has an emergency need for funds? Or more precisely can he keep the sale proceeds? Does he need permission?
Thank you,
Shawn
The post was migrated from Yahoo.
The truck has no liens agains it. It is not part of debtors paln. If he had filed a 7 instead of a 13 the truck would be exempt.
Can he sell it if he has an emergency need for funds? Or more precisely can he keep the sale proceeds? Does he need permission?
Thank you,
Shawn
The post was migrated from Yahoo.