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Qualifying for $175,000 exemption
1. Appraisal by licensed appraiser.
2. Employer documentation she's disabled.
3. Further documentation from her medical person.
4. Copy of recent disability checks.
Make a package and send it separately to the Trustee after filing.
Gerry
McNally Bus Card Smaller
Gerald McNally
McNally & Associates, P.C.
517 East Wilson Ave., Ste 104
Glendale, CA 91206
818.507.5100
Fax: 818.507.5001
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The post was migrated from Yahoo.
Of course thats my worry. I am not concerned that she won't qualify because she has tried to commit suicide several times and her psychiatrist will provide letters to state that, we can get medical records as well. What I don't know is what type of documentation the trustees prefer to receive in a situation like this, and if anybody else has had the same situation. I prefer to send it to the trustee ahead of the 341 (a).
Margaret Norman, Attorney
111 N.Sepulveda Blvd. #355
Manhattan Beach, Ca. 90266
310-376-7873
The post was migrated from Yahoo.
But are we risking the house? What if the $175k does not work and trustee pursue
to sell the house because dismissing the chapter 7 is not automatic?
Paul Horn
Attorney at Law
Certified Public Accountant
1045 E. Valley Blvd., Suite A215
San Gabriel, CA 91770
800-380-7076
________________________________
To: cdcbaa@yahoogroups.com
Sent: Tue, May 10, 2011 4:51:37 PM
Subject: Re: [cdcbaa] Qualifying for $175,000 exemption
Claim the exemption on Schedule C and see what the trustee does. If the trustee
objects, then you can ask the question again. Trustee will inquire at 341a,
presumably the disability payments will be submitted with the petition, andthere may not be any issue.
Is there really that much equity?
Jason Wallach
On May 10, 2011, at 4:46 PM, Margaret Norman wrote:
>
>
>PC is 56 years old, but works for LAPD and does not pay into social security and
>is not eligible for SSI or state disability . However she is receiving
>disability from LAPD and has been considered not able to return to work ever
>because of mental and physical problems, and will get early retirement. How do
>I prove inability to engage in substantial gainful employment without the>rebuttable presumptions in CCP704.730 B. She needs the $175,000 exemption and
>can show numerous 5150 and 30 day holds, etc. Will a doctor's letter be>enough--or do they want to see medical records?
>
>Margaret Norman, Attny
>11 1 N. Sepulveda Blvd. #355
>Manhattan Beach, Ca. 90266
>310-376-7873
>
>
>
>_._,___
>
>
But are we risking the house? What if the $175k does not work and trustee pursue to sell the house because dismissing the chapter 7 is not automatic? Paul HornAttorney at LawCertified Public Accountant1045 E. Valley Blvd., Suite A215San Gabriel, CA 91770800-380-7076From: Jason Wallach <jwallach@gladstonemichel.com>To: cdcbaa@yahoogroups.comSent: Tue, May 10, 2011 4:51:37 PMSubject: Re: [cdcbaa] Qualifying for $175,000 exemption
Claim the exemption on Schedule C and see what the trustee does. If the trustee objects, then you can ask the question again. Trustee will inquire at 341a, presumably the disability payments will be submitted with the petition, and there may not be any issue.Is there really that much equity?Jason WallachOn May 10, 2011, at 4:46 PM, Margaret Norman wrote:
The post was migrated from Yahoo.
Thanks, there is that much equity. She's probably the only person in LA county who never refinanced, and is in her original home. Husband just died.
Margaret Norman, Attny
111 N. Sepulveda Blvd. #355
Manhattan Beach, Ca. 90266
310-376-7873
The post was migrated from Yahoo.
PC is 56 years old, but works for LAPD and does not pay into social security and is not eligible for SSI or state disability . However she is receiving disability from LAPD and has been considered not able to return to work ever because of mental and physical problems, and will get early retirement. How do I prove inability to engage in substantial gainful employment without the rebuttable presumptions in CCP704.730 B. She needs the $175,000 exemption and can show numerous 5150 and 30 day holds, etc. Will a doctor's letter be enough--or do they want to see medical records?
Margaret Norman, Attny
111 N. Sepulveda Blvd. #355
Manhattan Beach, Ca. 90266
310-376-7873
_._,___
The post was migrated from Yahoo.