Grant money from county
Posted: Wed Apr 27, 2011 7:18 am
Check to see if there is some sort of statutory lien against the truck
itself under the grant contract. While there may not be a perfected lien by
recording with the DMV, the truck may still act as a security for the terms
of the grant. Arguably then the contract acts as the security for the 5
years of service. Just a thought.
Otherwise I might see if there are ways to cut his other exemptions so he
doesn't lose the truck.
R. Grace
On Tue, Apr 26, 2011 at 12:59 PM, Shannon Doyle wrote:
>
>
> The county gave debtor a grant for him to purchase an air qualifying work
> truck. As a condition of the grant, debtor has to use the truck for county
> jobs for the next 5 years. This is part of an incentive to keep the air
> clean in the local area. If he fails to use the truck for county jobs for
> the 5 years, he has to pay the county back grant money. The problem is the
> county has no lien against the truck and it is otherwise non-exempt. But if
> the trustee takes the truck the debtor can't fulfill his grant requirements.
> Are there special protections for the truck since it was obtained with
> stipulations by the county?
>
>
>
>
>
>
>
> Shannon A. Doyle
>
> Attorney at Law
>
> [image: small logo]
>
> 100 N. Barranca Avenue, Suite 250
>
> West Covina, CA 91791-1600
>
> Tel: (626) 646-2555
>
> Fax: (626) 332-8644
>
> www.blclaw.com
>
>
>
>
R. Grace Rodriguez, Esq.
OFF: (818) 734-7223
CEL: (818) 554-9922
Check to see if there is some sort of statutory lien against the truck itself under the grant contract. While there may not be a perfected lien by recording with the DMV, the truck may still act as a security for the terms of the grant. Arguably then the contract acts as the security for the 5 years of service. Just a thought.
Otherwise I might see if there are ways to cut his other exemptions so he doesn't lose the truck.R. GraceOn Tue, Apr 26, 2011 at 12:59 PM, Shannon Doyle <sdoyle@blclaw.com> wrote:
The county gave debtor a grant for him to purchase an air
qualifying work truck. As a condition of the grant, debtor has to use the truck
for county jobs for the next 5 years. This is part of an incentive to keep the
air clean in the local area. If he fails to use the truck for county jobs
for the 5 years, he has to pay the county back grant money. The problem is the
county has no lien against the truck and it is otherwise non-exempt. But if the
trustee takes the truck the debtor can't fulfill his grant requirements. Are
there special protections for the truck since it was obtained with stipulations
by the county?
Shannon A. Doyle
Attorney at Law
The post was migrated from Yahoo.