Treatment of Atty fees security
Posted: Tue May 12, 2009 9:35 am
Nicholas;
I agree with your inclination toward the first option. She cannot lien
strip it and some day there will be equity. $12K isn't worth litigating
dischargeability over.
If your client does start foreclosure proceedings at some point then his
former client will probably freak and try to pay him. He will have to be
careful to accept payments only in exchange for his lien rights and not
collection on the original debt if he settles with her later as not to
violate the discharge order.
Steve
Law Offices of Steven B. Lever
>
> Steven B. Lever
>( Tel. (562) 436-5456
>( Fax (562) 684-0202
>* sblever@leverlaw.com
> www.leverlaw.com
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