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Best efforts - Can we transfer the boat?
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Have daughter contribute 510/month to plan.
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.
Holly Roark
Sent: Saturday, December 19, 2009 3:51 PM
To: cdcbaa@yahoogroups.com
Subject: [cdcbaa] Best efforts - Can we transfer the boat?
Judge says we can't keep the boat in the chapter 13 because it is incurring
a $510/month slip fee that should go to the unsecureds. Can debtor gift the
boat to her daughter so her daughter can take over the payments, or is there
some rule against transferring this asset out of the estate? Boat is
completely exempt.
What if title doesn't pass, but daughter of debtor just takes over the slip
fee payments as a gift to the debtor? Would that cause any problems in the
case?
Any ideas on how to structure this so we can get the plan confirmed without
other issues popping up? Debtor knows she will have to add the additional
$510 to her monthly plan payments.
Thanks,
Holly Roark
holly@roarklawoffic es.com
charset="windows-1251"
Message
Have daughter contribute
510/month to plan.
David A.
Tilem
Certified Bankruptcy
Specialist*
The post was migrated from Yahoo.
Judge says we can't keep the boat in the chapter 13 because it is incurring a $510/month slip fee that should go to the unsecureds. Can debtor gift the boat to her daughter so her daughter can take over the payments, or is there some rule against transferring this asset out of the estate? Boat is completely exempt.
What if title doesn't pass, but daughter of debtor just takes over the slip fee payments as a gift to the debtor? Would that cause any problems in the case?
Any ideas on how to structure this so we can get the plan confirmed without other issues popping up? Debtor knows she will have to add the additional $510 to her monthly plan payments.
Thanks,
Holly Roark
holly@roarklawoffices.com
The post was migrated from Yahoo.