Central District Consumer Bankruptcy Attorney's Association

Like the lotto winner who claims to have pulled himself up by his boot
straps.
If you have any questions or concerns, please contact me.
Pat
Patrick T. Green
Attorney at Law
Fitzgerald & Green
1010 E. Union St. Ste. 206
Pasadena, CA 91106
Tel: 626-449-8433
Fax: 626-449-0565
pat@fitzgreenlaw.com

The post was migrated from Yahoo.

Trustee is paid based on distributions to creditors, section 326. That is why we hear this crap that trustees "paid over $10 gazillion dollars to creditors last year." When they sell the home and pay the first, that is a distribution to creditors.
>
> When determining the chapter 7 liquidation value of real property with a
> mortgage, how is the trustee's fee calculated?
>
> 1. What is the % rate of the trustee's fee? Where can I look it up?
> 2. What is the basis for trustee's fee? Is it
> - The sale price of the property?
> - Net proceeds from the sale after costs of sale are paid?
> - Net proceeds after costs of sale and the mortgage are paid?
> - Net proceeds after costs of sale, the mortgage, and the capital
> gain tax are paid?
> - Net proceeds after costs of sale, the mortgage, and the capital
> gain tax are paid and the exemption is paid out to the debtor?
>
> --
> Alik Segal
> Alik.Segal@...
> 310-362-6157
> California Central District
>

The post was migrated from Yahoo.

Trustee's fee is on the gross sales price. See section 326
Lesley B. Davis, Esq.
Lesley Davis Law
6520 Platt Avenue #356
West Hills, CA 91307-3218
lesleydavislaw@gmail.com
424-234-3558 Direct 818-337-2191 Fax
Not intended as a substitute for a writing. Notwithstanding the Uniform
Electronic Transactions Act or the applicability of any other law of
similar substance or effect, absent an express statement to the contrary
hereinabove, this email message, its contents, and any attachments hereto
are not intended to represent an offer or acceptance to enter into a
contract and are not otherwise intended to bind the sender, Lesley Davis
Law, any of its clients, or any other person or entity.
This e-mail message and any attachments are confidential and may be
attorney-client privileged. If you are not the intended recipient, please
notify Lesley Davis Law immediately by telephone at (424) 234-3558 or by
e-mail to lesleydavislaw@gmail.com and destroy all copies of this message
and any attachments.
IRS Circular 230 Disclosure: In order to comply with requirements imposed
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.
On Jun 8, 2012 1:20 PM, "Alik Segal" wrote:
> **
>
>
> When determining the chapter 7 liquidation value of real property with a
> mortgage, how is the trustee's fee calculated?
>
> 1. What is the % rate of the trustee's fee? Where can I look it up?
> 2. What is the basis for trustee's fee? Is it
> - The sale price of the property?
> - Net proceeds from the sale after costs of sale are paid?
> - Net proceeds after costs of sale and the mortgage are paid?
> - Net proceeds after costs of sale, the mortgage, and the capital
> gain tax are paid?
> - Net proceeds after costs of sale, the mortgage, and the capital
> gain tax are paid and the exemption is paid out to the debtor?
>
> --
> Alik Segal
> Alik.Segal@gmail.com
> 310-362-6157
> California Central District
>
>
Trustee's fee is on the gross sales price. See section 326
Lesley B. Davis, Esq.
Lesley Davis Law
6520 Platt Avenue #356
West Hills, CA 91307-3218
lesleydavislaw@gmail.com
424-234-3558 Direct 818-337-2191 Fax
Not intended as a substitute for a writing. Notwithstanding the Uniform Electronic Transactions Act or the applicability of any other law of similar substance or effect, absent an express statement to the contrary hereinabove, this email message, its contents, and any attachments hereto are not intended to represent an offer or acceptance to enter into a contract and are not otherwise intended to bind the sender, Lesley Davis Law, any of its clients, or any other person or entity.
This e-mail message and any attachments are confidential and may be attorney-client privileged. If you are not the intended recipient, please notify Lesley Davis Law immediately by telephone at (424) 234-3558 or by e-mail to lesleydavislaw@gmail.com and destroy all copies of this message and any attachments.
IRS Circular 230 Disclosure: In order to comply with requirements imposed 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.
On Jun 8, 2012 1:20 PM, "Alik Segal" <listserv.inbox@gmail.com> wrote:
The post was migrated from Yahoo.

When determining the chapter 7 liquidation value of real property with a
mortgage, how is the trustee's fee calculated?
1. What is the % rate of the trustee's fee? Where can I look it up?
2. What is the basis for trustee's fee? Is it
- The sale price of the property?
- Net proceeds from the sale after costs of sale are paid?
- Net proceeds after costs of sale and the mortgage are paid?
- Net proceeds after costs of sale, the mortgage, and the capital
gain tax are paid?
- Net proceeds after costs of sale, the mortgage, and the capital
gain tax are paid and the exemption is paid out to the debtor?
Alik Segal
Alik.Segal@gmail.com
310-362-6157
California Central District
When determining the chapter 7 liquidation value of real property with a mortgage, how is the trustee's fee calculated?What is the % rate of the trustee's fee? Where can I look it up?What is the basis for trustee's fee? Is it
The sale price of the property?Net proceeds from the sale after costs of sale are paid?Net proceeds aftercosts of saleandthe mortgage are paid?Net proceeds aftercosts of sale,the mortgage, andthe capital gain tax are paid?
Net proceeds aftercosts of sale,the mortgage, andthe capital gain tax are paidandthe exemption is paid out to the debtor?-- Alik SegalAlik.Segal@gmail.com
310-362-6157California Central District

The post was migrated from Yahoo.