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Fwd: Car Lender Refuses to Pick Up Surrendered Vehicle
Since it appears that the debtor make a reasonable effort to surrender the vehicle and the lender doesnt want the vehicle, perhaps you can find a sympathetic mechanic or tow company to tow the vehicle and conduct a noticed lien sale to recover the towing and storage costs.
Frank X. Ruggier, Esq.
Certified Bankruptcy Specialist *
15545 Devonshire Street., Suite 110
Mission Hills, CA 91345
Tel: (818) 796-3529
Fax: (818) 561-3909
* certified by the State Bar of California Board of Legal Specialization
The post was migrated from Yahoo.
Reply-To: Sevan Gorginian
X-Original-Return-Path: Sevan Gorginian
To: cdcbaa@yahoogroups.com
X-Yahoo-Newman-Id: groups-system
> Hello -- this is my first time and I am trying to post this question to the Yahoo CDCBAA listserve group. I hope this works.
>
> Chapter 7 debtor elected to surrender her vehicle (worth $350, engine not working). Lender contacted me to schedule pick up of vehicle. Lender finds out car is worth much less than the price/hassle of going and picking up the car. I then tell the lender to release the lien if client pays $350 FMV. Lender says "No, we will release the lien when she pays the balance of $4,719." I told them my client wants to surrender, go pick up the vehicle and they flat out refuse. Not sure what to do. Lender is from South Carolina, does not have local area. I was thinking of towing it to their local place but none available.
>
> My idea is to either (a) get order directing lender to pick up vehicle or (b) amend statement of intention to 'redeem' vehicle for $100.
>
> If anyone has dealt with this please let me know. All suggestions gladly welcomed and appreciated.
>
>
> Sevan Gorginian, Esq.
> Attorney at Law
>
> Law Office of Sevan Gorginian
> 450 North Brand Boulevard, Suite 600
> Glendale I California I 91203
> Tel: 818.928.4445 I Fax: 818.928.4450
> www.GorginianLaw.com
>
> We are a Debt Relief Agency.
>
> CONFIDENTIALITY NOTICE: The contents of this email are intended for the addressee(s) and may contain confidential or privileged information and may be legally protected from disclosure. If you received this email by accident then please immediately let me know by replying to this email and then please delete the email. Use of this email or storing it if it is not yours is prohibited under the law. Thank you.
>
The post was migrated from Yahoo.
X-Original-Return-Path: Sevan Gorginian
To: cdcbaa@yahoogroups.com
X-Yahoo-Newman-Id: groups-system
> Hello -- this is my first time and I am trying to post this question to the Yahoo CDCBAA listserve group. I hope this works.
>
> Chapter 7 debtor elected to surrender her vehicle (worth $350, engine not working). Lender contacted me to schedule pick up of vehicle. Lender finds out car is worth much less than the price/hassle of going and picking up the car. I then tell the lender to release the lien if client pays $350 FMV. Lender says "No, we will release the lien when she pays the balance of $4,719." I told them my client wants to surrender, go pick up the vehicle and they flat out refuse. Not sure what to do. Lender is from South Carolina, does not have local area. I was thinking of towing it to their local place but none available.
>
> My idea is to either (a) get order directing lender to pick up vehicle or (b) amend statement of intention to 'redeem' vehicle for $100.
>
> If anyone has dealt with this please let me know. All suggestions gladly welcomed and appreciated.
>
>
> Sevan Gorginian, Esq.
> Attorney at Law
>
> Law Office of Sevan Gorginian
> 450 North Brand Boulevard, Suite 600
> Glendale I California I 91203
> Tel: 818.928.4445 I Fax: 818.928.4450
> www.GorginianLaw.com
>
> We are a Debt Relief Agency.
>
> CONFIDENTIALITY NOTICE: The contents of this email are intended for the addressee(s) and may contain confidential or privileged information and may be legally protected from disclosure. If you received this email by accident then please immediately let me know by replying to this email and then please delete the email. Use of this email or storing it if it is not yours is prohibited under the law. Thank you.
>
The post was migrated from Yahoo.