Central District Consumer Bankruptcy Attorney's Association

Matt:
different take? a business is worth what someone will pay for it.
If it is not saleable, it has minimal value.
Keep in mind, you mustvalue the site to take an exemption. I often put a value equal to the reaminder of the (b)(5) exemption, considering other assets.
Something like: "not saleable" "value to debtor" $15,000 trustee from selling it out to the other 1/2 owner for $5k.
If you are using the 704's, you may have to just leave the value at zero.
dennis

The post was migrated from Yahoo.

That's why they pay professional appraisers - to have the answers to those
questions.
David A. Tilem
Certified Bankruptcy Specialist*
Law Offices of David A. Tilem (a debt relief agency)
206 N. Jackson Street, #201, Glendale, CA 91206
Tel: 818-507-6000 Fax: 818-507-6800
* Bankruptcy specialist cert. by State Bar of CA Bd of Legal
Specialization.
Matt Resnik
Sent: Wednesday, March 18, 2009 6:17 PM
To: cdcbaa@yahoogroups.com
Subject: Re: [cdcbaa] Approach to Value of Internet Site
Thank you David...I was figuring that...however, is there a price to
earnings or price to cash flow (paradigm?) that the Trustee will follow in
valuing the site? Basded on Advertising Revenue or some form of appreciation
model?
To: cdcbaa@yahoogroups.com
Sent: Wednesday, March 18, 2009 6:09:58 PM GMT -08:00 US/Canada Pacific
Subject: RE: [cdcbaa] Approach to Value of Internet Site
discount cash flow approach - present value the stream of income and then
deduct cogs.
David A. Tilem
Certified Bankruptcy Specialist*
Law Offices of David A. Tilem (a debt relief agency)
206 N. Jackson Street, #201, Glendale, CA 91206
Tel: 818-507-6000 Fax: 818-507-6800
* Bankruptcy specialist cert. by State Bar of CA Bd of Legal
Specialization.

The post was migrated from Yahoo.

discount cash flow approach - present value the stream of income and then
deduct cogs.
David A. Tilem
Certified Bankruptcy Specialist*
Law Offices of David A. Tilem (a debt relief agency)
206 N. Jackson Street, #201, Glendale, CA 91206
Tel: 818-507-6000 Fax: 818-507-6800
* Bankruptcy specialist cert. by State Bar of CA Bd of Legal
Specialization.

The post was migrated from Yahoo.

I have a Debtor who is looking to file a Chapter 7 after his t-shirt and sticker business abruptly came to an end. Over the last few years, the Debtor started a community website, where there are message boards to discuss common interests. The website is free and takes basic bandwidth. The website sells T-shirts that can support the company and pay a small salary (around $3500 per month). The website is owned 50/50 with another partner.
So, how do I value the website? There are no buyers but it does have a stream of income. The website is a wholly owned LLC.
Suggestions as to how to approach?
Matthew D. Resnik
Attorney at Law
Simon and Resnik LLP
449 S. Beverly Drive
Suite 210
Beverly Hills, Ca
90212
T:310-788-9777
F: 310-788-0017
Matt@resniklaw.com
www.simonresnik.com

The post was migrated from Yahoo.