Trustee selling co-owners interest in foreign property
Posted: Tue Aug 21, 2012 8:14 pm
Remember there are a few trustees who do nothing but trustee. They will administer $1000. So, unless you know the trustees up on the week of filing you a playing poker.
D
Sent from my iPhone
On Aug 21, 2012, at 5:39 PM, Giovanni Orantes wrote:
> Mexico has an equivalent to our bankruptcy code, but it has been a while since I have applied it. I'm sure a trustee can get recognized, etc, though. Nevertheless, I think the expenses of liquidating such an asset might be too much to bother with $50K. I've had trustees not pursue sale of a property in Beverly Hills with $60K+ of equity, which would have left about $40K for the trustee to distribute.
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> With that said, I always googlemap at street-level properties in Mexico lest the PC is undervaluing it.
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> --
> Giovanni Orantes, Esq.
> Orantes Law Firm, P.C.
> 3435 Wilshire Blvd. Suite 1980
> Los Angeles, CA 90010
> Tel: (213) 389-4362
> Fax: (877) 789-5776
> e-mail: go@gobklaw.com
> website: www.gobklaw.com
>
Remember there are a few trustees who do nothing but trustee. They will administer $1000. So, unless you know the trustees up on the week of filing you a playing poker. DSent from my iPhoneOn Aug 21, 2012, at 5:39 PM, Giovanni Orantes <go@gobklaw.com> wrote:
Mexico has an equivalent to our bankruptcy code, but it has been a while since I have applied it. I'm sure a trustee can get recognized, etc, though. Nevertheless, I think the expenses of liquidating such an asset might be too much to bother with $50K. I've had trustees not pursue sale of a property in Beverly Hills with $60K+ of equity, which would have left about $40K for the trustee to distribute.
With that said, I always googlemap at street-level properties in Mexico lest the PC is undervaluing it.-- Giovanni Orantes, Esq. Orantes Law Firm, P.C.3435 Wilshire Blvd. Suite 1980
Los Angeles, CA 90010Tel: (213) 389-4362Fax: (877) 789-5776e-mail: go@gobklaw.comwebsite: www.gobklaw.com
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