vehicle cramdown values in Chapter 13

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Joined: Sun Oct 18, 2020 11:38 pm


I believe all of my plans propose the third party amount as the value and
we have never lost. If you think about it, the retail value, if it is by a
dealer, would only be realized after the dealer has invested labor and
parts to bring the car up to the condition purchasers would expect from a
dealer. That should lower the operative value of the car for plan
confirmation purposes from the retail value since you are not making any
additional investment in the vehicle.
Giovanni Orantes, Esq.
Certified Bankruptcy Specialist*
Orantes Law Firm, P.C.
3435 Wilshire Blvd. Suite 2920
Los Angeles, CA 90010
Tel: (213) 389-4362
Fax: (877) 789-5776
e-mail: go@gobklaw.com
website: www.gobklaw.com
*Board Certified - Business Bankruptcy Law - American Board of Certification
*Board Certified - Consumer Bankruptcy Law - American Board of Certification
I believe all of my plans propose the third party amount as the value and we have never lost. If you think about it, the retail value, if it is by a dealer, would only be realized after the dealer has invested labor and parts to bring the car up to the condition purchasers would expect from a dealer. That should lower the operative value of the car making any additional investment in the vehicle.
--Giovanni Orantes, Esq.Certified Bankruptcy Specialist* Orantes Law Firm, P.C.3435 Wilshire Blvd. Suite 2920Los Angeles, CA 90010Tel: (213) 389-4362Fax: (877) 789-5776
e-mail: go@gobklaw.comwebsite: www.gobklaw.com*Board Certified - Business Bankruptcy Law - American Board of Certification
*Board Certified - Consumer Bankruptcy Law - American Board of Certifi
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