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Newbie Question: Chapter 13 - Cramdown of 910 Motor Vehicle
That was not my experience. I put a cramdown in a CH 13 plan only to be told by the Trustee on the day of the confirmation hearing that I needed to file an objection to the lender's claim. Just putting it in the plan was not sufficient.
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> Nope! Congrats! You are doing it right. The Ch13 plan itself allows you to bifurcate the secured/unsecured part of a non-910 vehicle loan
> (i.e., 910+ days).
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> KEITH ALAN HIGGINBOTHAM
>
> Pedro Mayser, Office Manager
> 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@...
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> -----Original Message-----
> To: cdcbaa@yahoogroups.com
> Sent: Fri, Feb 5, 2010 3:21 pm
> Subject: [cdcbaa] Newbie Question: Chapter 13 - Cramdown of 910 Motor Vehicle
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> Debtor has vehicle that is underwater by 20K he bought 3 years ago.
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> I filed Chapter 13 Plan which calls for him to pay secured portion only at 4.75% through Trustee with discharge of unsecured portion.
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> Do I still need to file a Section 506 Motion regarding cramdown of motor vehicle? Or is this something different courtrooms handle differently?
>
> --
> R. Grace Rodriguez, Esq.
> OFF: (818) 734-7223
> CEL: (323) 304-5496
>
> NO EX-PARTE NOTICE VIA VOICE MAIL OR EMAIL: I do not accept e-mail notice for ex parte Applications via voicemail or by email. You must comply with California Law and give notice to a person in my office during regular business hours.
>
> CONFIDENTIALITY STATEMENT: This message contains privileged and confidential information and is intended only for the individual named. If you are not the intended recipient you should not disseminate, distribute, store, print, copy or deliver this message. Please notify the sender immediately by e-mail if you have received this e-mail by mistake and delete this e-mail from your system.
>
The post was migrated from Yahoo.
Debtor has vehicle that is underwater by 20K he bought 3 years ago.
I filed Chapter 13 Plan which calls for him to pay secured portion only at
4.75% through Trustee with discharge of unsecured portion.
Do I still need to file a Section 506 Motion regarding cramdown of motor
vehicle? Or is this something different courtrooms handle differently?
R. Grace Rodriguez, Esq.
OFF: (818) 734-7223
CEL: (323) 304-5496
NO EX-PARTE NOTICE VIA VOICE MAIL OR EMAIL: I do not accept e-mail notice
for ex parte Applications via voicemail or by email. You must comply with
California Law and give notice to a person in my office during regular
business hours.
CONFIDENTIALITY STATEMENT: This message contains privileged and
confidential information and is intended only for the individual named. If
you are not the intended recipient you should not disseminate, distribute,
store, print, copy or deliver this message. Please notify the sender
immediately by e-mail if you have received this e-mail by mistake and delete
this e-mail from your system.
Debtor has vehicle that is underwater by 20K he bought 3 years ago.I filed Chapter 13 Plan which calls for him to pay secured portion only at 4.75% through Trustee with discharge of unsecured portion.Do I still need to file a Section 506 Motion regarding cramdown of motor vehicle? Or is this something different courtrooms handle differently?
-- R. Grace Rodriguez, Esq.OFF: (818) 734-7223CEL: (323) 304-5496NO EX-PARTE NOTICE VIA VOICE MAIL OR EMAIL: I do not accept e-mail notice for ex parte Applications via voicemail or by email. You must comply with California Law and give notice to a person in my office during regular business hours.
CONFIDENTIALITY STATEMENT: This message contains privileged and confidential information and is intended only for the individual named. If you are not the intended recipient you should not disseminate, distribute, store, print, copy or deliver this message. Please notify the sender immediately by e-mail if you have received this e-mail by mistake and delete this e-mail from your system.
The post was migrated from Yahoo.