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Time sensitive matter: Do I need to give adequate protection
I just remembered an important fact - any sums owed are disputed. We're
still trying to figure out the accounting, but have provided for them as a
strip down to the value of the car. They say $10K still owed, we stripped
down to $4,888. Debtor hasn't made a payment in 10 months. So, they repoed
and we got it back after filing the emergency case.
Holly Roark
Certified Bankruptcy Specialist*
*and Sports Lawyer*
holly@roarklawoffices.com **primary email address**
www.roarklawoffices.com
*Central District of California & District of Idaho* - 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
On Thu, Sep 10, 2015 at 1:31 PM, Holly Roark wrote:
> Today is day 14 in an emergency case, and I need to file my plan - IDAHO
> jurisdiction. Santander has the loan on a non-910 car that was repo'd and
> we just got back. Do I need to give them adequate protection in the plan or
> risk a relief from stay motion? This plan *should* get confirmed on
> October. It's not a complicated case, but of course, anything can happen. I
> don't foresee it taking long to get confirmed.
>
> I don't know if they'll fight me on the car value, but that's another
> issue.
>
> Your thoughts/experiences are appreciated.
>
>
> Holly Roark
> Certified Bankruptcy Specialist*
> *and Sports Lawyer*
> holly@roarklawoffices.com **primary email address**
> www.roarklawoffices.com
> *Central District of California & District of Idaho* - 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
>
>
>
I just remembered an important fact - any sums owed are disputed. We're still trying to figure out the accounting, but have provided for them as a strip down to the value of the car. They say $10K still owed, we stripped down to $4,888. Debtor hasn't made a payment in 10 months. So, they repoed and we got it back after filing the emergency case.Holly RoarkCertified Bankruptcy Specialist*and Sports Lawyer
holly@roarklawoffices.com**primary email address**
www.roarklawoffices.com
Central District of California & District of Idaho - Consumer Bankruptcy Attorney
1875 Century Park East, Suite 600 Los Angeles, CA 90067T (310) 553-2600; F (310) 553-2601
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