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How do you treat a Taxi Cab License/Franchise
Dear PNN:
Try integrating 695.060 with 701.010. It is worth a try. Let us know ifyou are successful.
Has anyone used 695.060?
703.010. Except as otherwise provided by statute:
(a) The exemptions provided by this chapter or by any other
statute apply to all procedures for enforcement of a money judgment.
695.060. Except as provided in Section 708.630, a license issued by
a public entity to engage in any business, profession, or activity
is not subject to enforcement of a money judgment.
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562-924-8922
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Trust Protector, Independent Trustee, Court Accountings
In a message dated 2/28/2010 7:26:18 A.M. Pacific Standard Time,
jim@wsrlaw.net writes:
Yes, that would be your only option in a Chapter 7 case. I had a Chapter 7debtor a few years ago with a taxi license/franchise which ended up having a
much lower actual value than the client believed.
Philomena Nzegge wrote:
Hello:
Prospective client drives a yellow taxi cab, has 80K unsecured debts. He
has a License/Franchise which amongst taxi drivers could be worth $35k to$50K. Is the wild card exemption my only option and negotiate with the
Trustee to buy back the remainder value?
Thanks.
Philomena N. Nzegge
Law Office of Philomena N. Nzegge
3701 Wilshire Boulevard, Suite 1120
Los Angeles, CA 90010
(213) 739-0650
Dear PNN:
Try integrating 695.060 with 701.010. It is worth a
try. Let us know if you are successful.
Has anyone used 695.060?
703.010.
Except as otherwise provided by statute:
(a) The exemptions provided by this chapter or by any otherstatute apply to all procedures for enforcement of a money judgment. 695.060. Except as provided in Section 708.630, a license issued by
The post was migrated from Yahoo.
Yes, that would be your only option in a Chapter 7 case. I had a Chapter 7 debtor a few years ago with a taxi license/franchise which ended up having a much lower actual value than the client believed.
Philomena Nzegge wrote:
Hello:
Prospective client drives a yellow taxi cab, has 80K unsecured debts. He has a License/Franchise which amongst taxi drivers could be worth $35k to $50K. Is the wild card exemption my only option and negotiate with the Trustee to buy back the remainder value?
Thanks.
Philomena N. Nzegge
Law Office of Philomena N. Nzegge
3701 Wilshire Boulevard, Suite 1120
Los Angeles, CA 90010
(213) 739-0650
Yes, that would be your only option in a Chapter 7 case. I had a Chapter 7 debtor a few years ago with a taxi license/franchise which ended up having a much lower actual value than the client believed.
Philomena Nzegge <pnnzegge@yahoo.com> wrote:
Hello:
Prospective client drives a yellow taxi cab, has 80K unsecured debts. He has a License/Franchise which amongst taxi drivers could be worth $35k to $50K. Is the wild card exemption my only option and negotiate with the Trustee to buy back the remainder
value?
Thanks.
Philomena N. Nzegge
Law Office of Philomena N. Nzegge
3701 Wilshire Boulevard, Suite 1120
Los Angeles, CA 90010
(213) 739-0650
The post was migrated from Yahoo.
Hello:
Prospective client drives a yellow taxi cab, has80K unsecured debts. He has a License/Franchise which amongst taxi drivers could be worth$35k toe Trustee to buy back the remainder value?
Thanks.
Philomena N.Nzegge
Law Office of Philomena N. Nzegge
3701 Wilshire Boulevard, Suite 1120
Los Angeles, CA 90010
(213) 739-0650
Hello:
Prospective client drives a yellow taxi cab, has 80K unsecured debts. He has a License/Franchise which amongst taxi drivers could be worth $35k to $50K. Is the wild card exemption my only option and negotiate with the Trustee to buy back the remainder value?
Thanks.
Philomena N. Nzegge
Law Office of Philomena N. Nzegge
3701 Wilshire Boulevard, Suite 1120
Los Angeles, CA 90010
(213) 739-0650
The post was migrated from Yahoo.