VZ Valuation hearing
Posted: Tue Nov 23, 2010 2:33 pm
Well this morning VZ took the bank's attorney to task for a few things, then told me that I didn't win either because I was valuing only one parcel and he thought that was unfair. He then told us that, in any event, unless we agreed on a value, he would order us to get a third appraiser who would report to him I guess. He said that the debtor's appraiser says what the debtor tells him to say and the bank's the same. He said no one will say that out loud but he will say it for the record.
>
> Thanks.
>
> --- In cdcbaa@yahoogroups.com, Giovanni Orantes wrote:
> >
> > If you cannot resolve the valuation, Judge Zurzolo has told me that will not
> > referee a battle of the experts, but will instead have you and the defendant
> > hire an independent appraiser for him.
> >
> > On Mon, Nov 22, 2010 at 11:37 AM, Jason Wallach > jwallach@> wrote:
> >
> > >
> > >
> > > Unless you can exclude all of the evidence of value in the opposition, I
> > > don't see that he has any choice but to set an evidentiary hearing, and
> > > perhaps set up a discovery schedule, for this contested matter.
> > > I suppose that if the the valuation you want is incorporated into a plan,
> > > he could hold it off until the cramdown or confirmation hearing, but one
> > > time or another, it will be an evidentiary hearing.
> > > Jason
> > >
> > > On Nov 22, 2010, at 11:26 AM, jonhayes6666 wrote:
> > >
> > >
> > >
> > > I filed a Motion to Value property in a ch 11 in front of VZ. The bank
> > > filed an opposition. Will VZ simply set it for an evidentiary hearing?
> > >
> > >
> > >
> > >
> >
> >
> >
> > --
> > Giovanni Orantes, Esq.
> > Orantes Law Firm, P.C.
> > 3435 Wilshire Blvd. Suite 1980
> > Los Angeles, CA 90010
> > Tel: (213) 389-4362
> > Phone: (888) 619-8222 x101
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> > e-mail: go@
> > website: www.gobklaw.com
> >
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> >
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The post was migrated from Yahoo.