Pink Slip Release After Loss of Vehicle

[Yahoo Bot]

I would call the creditor to see what it would cost to buy the salvage rights. Probably next to nothing.
If you want to be sure you get the title, amend the plan to state that creditor has no secured claim, pursuant to it's poc, but really that is a lot of work for something the debtor should be able to buy cheaply.
Dennis McGoldrick, 350 S. Crenshaw Bl., #A207B, Torrance, Ca 90503 310-328-1001-voice
> On Oct 3, 2014, at 4:24 PM, cliff@bordeauxlaw.com [cdcbaa] wrote:
>
> Client is in a confirmed 2% Ch 13 plan with a vehicle being paid off in plan. Vehicle was totaled in an accident. After receiving insurance payoff, lender filed two amended claims--a secured claim for $0 and an unsecured deficiency claim for $3,000. Debtor wants to obtain the salvage title on the vehicle.
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> Questions:
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> 1. Is debtor entitled to get the pink slip now?
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> 2. If "no" to #1, will debtor be entitled to the pink once the plan is complete and the new unsecured claim is paid out at 2%?
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