Avoiding lien as a preference
Posted: Tue Jul 30, 2013 8:54 am
Thanks to everyone who chimed in. I had no idea that lien avoidance was so
complicated, and I'm very surprised I haven't had this issue come up
before.
John D. Faucher
Faucher & Associates
*818/889-8080*
On Mon, Jul 29, 2013 at 10:04 PM, cdcbaa wrote:
> **
>
>
> John:
>
> I would quote an hourly rate. It is unlikely a seven figure preference
> would go unopposed. Get $5,000 at least, and put into the retainer that 5k
> is a minimum and the fee will likely be many times the retainer.
>
> d
>
> Sent from my iPad
>
> On Jul 29, 2013, at 9:03 AM, "Leventhal Law Group, P.C."
> wrote:
>
>
>
> I would think about charging more. I would think the other side would not sit still while you attack a seven figure lien.
>
> Jonathan D. Leventhal, Esq.
> Leventhal Law Group, P. C.818.347.5800
>
>
> ----- Original Message -----
> To: "cdcbaa@yahoogroups.com"
> Sent: 07/29/2013 8:18 AM
> Subject: [cdcbaa] Avoiding lien as a preference
>
>
>
>
>
> Hello all:
> My client is filing bankruptcy this week because of a $1 million judgment
> abstracted in June 2013. I'm going to charge another $1,000 to avoid the
> lien as a preference. I've reviewed the statute and Rutter, and it seems
> very easy.
> Yet I am hesitant, because I've never done this and don't have any
> personal knowledge of it being done. All the discussions on the listserve
> concentrate on stripping off and cramming down liens under 506 and 522.
> And I recently reviewed a case where a top-notch practitioner reopened a
> case for the purpose of avoiding a lien; the practitioner attempted to
> avoid the lien as a 522f impairment of exemption, instead of a preferential
> transfer within the last 90 days, got denied, and went away.
> Is there any reason - any Rumsfeldian unknown I don't know about - that I
> can't avoid this judgment lien as a preference?
>
> John D. Faucher
> Faucher & Associates
> *818/889-8080*
>
>
>
Thanks to everyone who chimed in. I had no idea that lien avoidance was so complicated, and I'm very surprised I haven't had this issue come up before.
John D. Faucher
Faucher & Associates818/889-8080
On Mon, Jul 29, 2013 at 10:04 PM, cdcbaa <cdcbaamailbox@gmail.com> wrote:j.d.faucher@sbcglobal.net>
To: "cdcbaa@yahoogroups.com" <cdcbaa@yahoogroups.com>
Sent: 07/29/2013 8:18 AM
Subject: [cdcbaa] Avoiding lien as a preference
Hello all:
My client is filing bankruptcy this week because of a $1 million judgment abstracted in June 2013. I'm going to charge another $1,000 to avoid the lien as a preference. I've reviewed the statute and Rutter, and it seems very easy.
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