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
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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.