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have PC avoiding bk... owns house with equity....
Liquidation value is likely lower than the appraised value. Also, have you looked into applying the $8,000 works of art exemption to the rug?e.
Eric
Law Office of Eric Alan Mitnick
21515 Hawthorne Boulevard, Suite 1080
Torrance, California 90503
Telephone: (310) 792-5864
Facsimile: (310) 347-4353
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To: cdcbaa
Sent: Mon, Jun 4, 2018 7:29 am
Subject: [cdcbaa] have PC avoiding bk... owns house with equity....
He has Persian rug appraisal says worth 25K.... cant exempt due to 704 exemptions. he wants to sell and try to settle debts... but if doesn't work to settle debts and he has to file..... will chapter 7 trustee make him pay back the money he got for the rug?
and if not any one know good auctio. House to sell rug?
Liquidation value is likely lower than the appraised value. Also, have you looked into applying the $8,000 works of art exemption to the rug? After costs of sale, there may be little for the trustee to pursue. EricLaw Office of Eric Alan Mitnick
21515 Hawthorne Boulevard, Suite 1080
Torrance, California 90503
Telephone: (310) 792-5864Facsimile: (310) 347-4353
Email: MitnickLaw@aol.com, MitnickLaw@gmail.com
Although this email and any attachments are believed to be free of any virus or other defect that might affect any computer system into which it is received and opened, it is the responsibility of the recipient to ensure that it is virus free and no responsibility is accepted by the sender for any loss or damage arising in any way from its use. The information contained in this email message and any attached files may be privileged, confidential and protected from disclosure. If you are not the intended recipient, any dissemination, distribution or copying is strictly prohibited. If you think that you have received this email message in error, please notify the sender by reply email, and delete the email message you received and all of the attached files.
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***NOTICE OF EX PARTE HEARINGS WILL NOT BE ACCEPTED BY EMAIL***-----Original Message-----From: R Grace Rodriguez rgracelaw@gmail.com [cdcbaa] <cdcbaa@yahoogroups.com>To: cdcbaa <cdcbaa@yahoogroups.com>Sent: Mon, Jun 4, 2018 7:29 amSubject: [cdcbaa] have PC avoiding bk... owns house with equity....
The post was migrated from Yahoo.
He has Persian rug appraisal says worth 25K.... cant exempt due to 704
exemptions. he wants to sell and try to settle debts... but if doesn't
work to settle debts and he has to file.... will chapter 7 trustee make him
pay back the money he got for the rug?
and if not any one know good auctio. House to sell rug?
He has Persian rug appraisal says worth 25K.... cant exempt due to 704 exemptions. he wants to sell and try to settle debts...chapter 7 trustee make him pay back the money he got for the rug?
The post was migrated from Yahoo.