correct way to file TILA claim in CH. 13
Posted: Wed Mar 26, 2008 6:35 pm
charset="windows-1251"
Message
Thanks. Yes it would be contingency. So I guess I can just have this attorney file the claim on behalf of the debtor and if we need to do an objection to claim I'll file that later and piggyback somehow.
______________________
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
___________
NOTICE: This Electronic Message contains information from the law office of Mark J. Markus that may be privileged. The information is intended for the use of the addressee only. If you are not the addressee, note that any disclosure, copy, distribution or use of the contents of this message is prohibited.
IRS CIRCULAR 230 NOTICE: To ensure compliance with requirements imposed by the IRS, we inform you that any U.S. tax advice contained in this communication (or in any attachment) is not intended or written to be used, and cannot be used, for the purpose of (i) avoiding penalties under the Internal Revenue Code or (ii) promoting, marketing or recommending to another party any transaction or matter addressed in this communication (or in any attachment).
----- Original Message -----
To: cdcbaa@yahoogroups.com
Sent: Wednesday, March 26, 2008 4:17 PM
Subject: RE: [cdcbaa] correct way to file TILA claim in CH. 13
This is a really complicated procedural question. Sect. 327 does NOT AUTHORIZE a debtor to employ counsel, so unlike a Chapter 11 case, you don't really need an employment motion at all. However, the attorney still wants to be paid and the money has to come from somewhere. Since post-petition earnings are property of the BK estate, where does the money come from? The estate, of course. Use of estate property is governed by Sect. 363. Depending on your point of view, hiring counsel is either an ordinary course, or a non ordinary course expenditure. Use Sect. 363(b) or 363(c) depending on your point of view.
I recently filed a motion under Sect. 363(b) to hire appellate counsel for the debtor. Judge Ahart treated it as a 327 motion and granted it, but has reserved any final decisions on compensation until the plan is approved. By the way, the plan in my case calls for monthly payments to the appellate counsel. Judge Ahart approved an interim amount for counsel until the plan confirmation issues are resolved.
For a TILA action, isn't that a contingency fee case? If so, then no motion is required at all.
Don't forget to: (1) schedule the claim as an asset; and (2) provide some disposition for the asset (the claim) in your C13 plan.
David A. Tilem
Certified Bankruptcy Specialist*
Law Offices of David A. Tilem (a debt relief agency)
206 N. Jackson Street, #201, Glendale, CA 91206
Tel: 818-507-6000 Fax: 818-507-6800
* Bankruptcy specialist cert. by State Bar of CA Bd of Legal Specialization.
Business bankruptcy specialist cert. by Amer. Bd. of Certification
Matt Resnik
Sent: Tuesday, March 25, 2008 2:04 PM
To: cdcbaa@yahoogroups.com
Cc: cdcbaa@yahoogroups.com
Subject: Re: [cdcbaa] correct way to file TILA claim in CH. 13
Agreed.
On the same topic, within our community, what attorney do this type of work and with success? There are a ton of these type of deals coming through the pipeline and rather than go outside to various counsel, it is prob best served to go "in house"..for lack of a better word. Otherwise, someone can make some poor law which could/would affect us all.
Plus, somone familiar with BK will have a far simpler time with the procedure as well as knowing each particualr quirk or each individual Judge....
We have a few in state court right now (attorney is more familiar with St. Court procedure), but I just dont see why it cannot be done in front of our Judges.
----- Original Message -----
To: cdcbaa@yahoogroups.com
Sent: Tuesday, March 25, 2008 1:07:45 PM GMT -08:00 US/Canada Pacific
Subject: RE: [cdcbaa] correct way to file TILA claim in CH. 13
May want to do a Motion to employ since the cuase of action is property of the estate. Also, make sure your schedules list the cause of action otherwise you lose.
M. Erik Clark
Borowitz, Lozano & Clark, LLP
100 N. Barranca Avenue, Suite 250
West Covina, CA 91791
www.blclaw.com
Office: (626) 332-8600
Fax: (626) 332-8644
Board Certified in Consumer Bankruptcy
American Board of Certification
Mark JM
Sent: Tuesday, March 25, 2008 1:02 PM
To: cdcbaa@yahoogroups.com
Subject: [cdcbaa] correct way to file TILA claim in CH. 13
I'm debtor's counsel in a pending Ch. 13 case. We have special counsel who wants to file and litigate a TILA claim against a mortgage lender. I have some procedural questions:
1. If brought in the BK court, can this attorney just file the documents as "special counsel" without any other court approval or me being involved, or does it have to be under my firm's name since I'm counsel of record?
2. Must said counsel do a fee app at the end of the case do get paid? I assume he does, but he keeps telling me there's case law (which I haven't seen) that says he can get paid outside the estate somehow. This is a 100% case anyway, so anything recovered would be a surplus and go back to the debtor, so it probably is a moot point, but I'm curious.
Thanks...
______________________
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
___________
NOTICE: This Electronic Message contains information from the law office of Mark J. Markus that may be privileged. The information is intended for the use of the addressee only. If you are not the addressee, note that any disclosure, copy, distribution or use of the contents of this message is prohibited.
IRS CIRCULAR 230 NOTICE: To ensure compliance with requirements imposed by the IRS, we inform you that any U.S. tax advice contained in this communication (or in any attachment) is not intended or written to be used, and cannot be used, for the purpose of (i) avoiding penalties under the Internal Revenue Code or (ii) promoting, marketing or recommending to another party any transaction or matter addressed in this communication (or in any attachment).
--
Matthew D. Resnik
Attorney at Law
Simon and Resnik LLP
449 S. Beverly Drive
Suite 210
Beverly Hills, Ca
90212
T:310-788-9777
F: 310-788-0017
Matt@resniklaw.com
charset="windows-1251"
Message
The post was migrated from Yahoo.