Central District Consumer Bankruptcy Attorney's Association

Dear Holly,
If you simply want a calculator to do the present value computation, there is a free one available at http://www.calculatorpro.com/calculator ... alculator/ and it's easy to use. If you don't like that one, Google "present value calculator" and you'll get many others. If you want to understand the idea behind the calculation, give me a call. I used to be a math professor - law is a second career for me - and can explain the underlying concept quite clearly.
Good luck,
Nick
Nicholas Gebelt
Nicholas Gebelt, Ph.D., J.D.
Attorney at Law
Certified Bankruptcy Law Specialist
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Law Offices of Nicholas Gebelt
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Here you go:
If you don't wanna work with that: How is it going to be paid? Monthly?
How much each month? How is it uncertain?
On Tue, Sep 3, 2013 at 12:56 PM, Holly Roark wrote:
> **
>
>
> Debtor has a promissory note with a face value of $100,000. The interest
> is already incorporated into it. The $100,000 is to be paid over five years
> to debtor. Of course it is uncertain whether the person will pay debtor on
> the note. If debtor files chapter 13, I need to be able to value this
> asset. Since it is uncertain and is to be paid over five years, is there a
> formula to calculate the present value of this asset so I can exempt some
> or all of it under the wild card?
>
> Please direct me to the appropriate formula. Thank you.
>
>
>
>
> --
> Holly Roark
> Certified Bankruptcy Specialist*
> holly@roarklawoffices.com **primary email address**
> www.roarklawoffices.com
> Central District of California
> 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
>
>
> **For a quicker response, email me at holly@roarklawoffices.com.
> I only use gmail for my listservs, and am likely to miss private emails
> directed to my gmail account.**
>
>
>
>
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
WE ARE A "DEBT RELIEF AGENCY" AS DEFINED BY FEDERAL LAW.
SERVING BAKERSFIELD, LOS ANGELES, ORANGE COUNTY, RIVERSIDE, SAN BERNARDINO
AND SANTA BARBARA AND THE WORLD FOR CHAPTER 11 AND 15 CASES.
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by the Internal Revenue Service, we inform you that any U.S. tax advice
contained in this communication (including any attachments) is not intended
to be used, and cannot be used, for the purpose of (i) avoiding penalties
under the Internal Revenue Code or (ii) promoting, marketing, or
recommending to another party any transaction or matter addressed herein.
Here you go:
The post was migrated from Yahoo.