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How to value natural gas rights for BK purposes?
This should be an appraisable interest. Find someone who is a broker in oil and gas properties to give a price opinion on it. Ultimately, it's really worth whatever the trustee can sell it for, just like any other asset.
On Monday, February 1, 2016 12:43 PM, "Holly Roark hollyroark22@gmail.com [cdcbaa]" wrote:
Debtors receive about $1,000/month from their natural gas rights on land. They don't own the land itself, but retain the rights to the natural gas. How do I value this right for BK purposes?
Holly RoarkCertified Bankruptcy Specialist*
and Sports Lawyer
holly@roarklawoffices.com**primary email address**www.roarklawoffices.comCentral District of California & District of Idaho - Consumer Bankruptcy Attorney1875 Century Park East, Suite 600 Los Angeles, CA 90067T (310) 553-2600; F (310) 553-2601*By State Bar of California Board of LegalSpecialization
The post was migrated from Yahoo.
Debtors receive about $1,000/month from their natural gas rights on land.
They don't own the land itself, but retain the rights to the natural gas.
How do I value this right for BK purposes?
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
Debtors receive about $1,000/month from their natural gas rights on land. They don't own the land itself, but retain the rights to the natural gas. How do I value this right for BK purposes?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
The post was migrated from Yahoo.