Central District Consumer Bankruptcy Attorney's Association

I just got denied a motion to redeem a car (section 722) in a PC case. Motion denied without predudice. Because the car is upside down (way upside down) I didn't list it as "exempt" as there is no eqiuty to exempt. Motion was denied because the property has to be "exempt" or "abandoned" to use 722.
OK, I get it, and the judge is technically correct. Whats the fix? Do I file an amended Schedule C and declare the negative equity "exempt", or is a 722 financing motion really two motions, a motion to abandon and a motion to redeem?
Anyone have this issue?

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Tyson is a Duke.
Only Kingofbk is King
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The post was migrated from Yahoo.

Contact member Tyson Takeuchi. He is the king in this area.
KEITH
THE LAW OFFICES OF KEITH ALAN HIGGINBOTHAM
255 S. Grand Avenue, Suite #2109
Los Angeles, CA 90012-3045
Phone: 213.620.0176
Facsimile: 213.613.1200
HigginbothamLaw@aol.com
To: cdcbaa@yahoogroups.com
Sent: Tue, Jun 29, 2010 8:52 am
Subject: [cdcbaa] 722 Redemption
Does someone have or know of cases in Los Angeles office where I can see examples as to how to do a 722 redemption?
Thank you!!
Paul Horn, ESQ., CPA
Attorney at Law
Certified Public Accountant
1045 E. Valley Blvd., Suite A215
San Gabriel, CA 91770
626-695-7310
www.paulhornlawfirm.com
Contact member Tyson Takeuchi. He is the king in this area.
KEITH



THE LAW OFFICES OF KEITH ALAN HIGGINBOTHAM
255 S. Grand Avenue, Suite #2109
Los Angeles, CA 90012-3045
Phone: 213.620.0176
Facsimile: 213.613.1200

HigginbothamLaw@aol.com
To: cdcbaa@yahoogroups.com
Sent: Tue, Jun 29, 2010 8:52 am
Subject: [cdcbaa] 722 Redemption

Does someone have or know of cases in Los Angeles office where I can see examples as to how to do a 722 redemption?
Thank you!!

Paul Horn, ESQ., CPA
Attorney at Law
Certified Public Accountant
1045 E. Valley Blvd., Suite A215
San Gabriel, CA 91770
626-695-7310
www.paulhornlawfirm.com
#AOLMsgPart_2_76cb9471-d637-420c-a924-ad4acbb3f070 t
The post was migrated from Yahoo.

Does someone have or know of cases in Los Angeles office where I can see examples as to how to do a 722 redemption?
Thank you!!
Paul Horn, ESQ., CPA
Attorney at Law
Certified Public Accountant
1045 E. Valley Blvd., Suite A215
San Gabriel, CA 91770
626-695-7310
www.paulhornlawfirm.com
Does someone have or know of cases in Los Angeles office where I can see examples as to how to do a 722 redemption? Thank you!! Paul Horn, ESQ., CPA Attorney at LawCertified Public Accountant1045 E. Valley Blvd., Suite A215San Gabriel, CA 91770626-695-7310www.paulhornlawfirm.com

The post was migrated from Yahoo.