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Exempting exact amount v. exempting 100%
Posted: Thu Nov 18, 2010 10:22 pm
by Yahoo Bot
Read Schwab v. Reilly, US Supreme Court (2010) attached.
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Mark J. Markus
Law Office of Mark J. Markus
11684 Ventura Blvd. PMB #403
Studio City, CA 91604-2652
(818)509-1173 (818)509-1460 (fax)
web:
http://www.bklaw.com/
This Firm is a Qualified Federal Debt Relief Agency (see what this
means at
The post was migrated from Yahoo.
Exempting exact amount v. exempting 100%
Posted: Thu Nov 18, 2010 9:56 pm
by Yahoo Bot
Debtor does not know the value of his worker's comp claim. I
scheduled the claim as having "unknown" value and exempted 100% of it.
The Trustee wants me to name a number for the value of the claim and
the amount of exemption.
What if I name a low number, for example, I estimate the value of the
claim at 5k and exempt the same amount (5k), and the claim settles
later at a much higher number (20k)? Is the trustee entitled to take
the surplus over my estimate (20K-5KK)?
Alik Segal
Alik.Segal@gmail.com
310-362-6157
Cal. CD, Los Angeles
The post was migrated from Yahoo.