Central District Consumer Bankruptcy Attorney's Association

Robert:
Atty was probably correct and the trustee wrong. It depends on whether it
has a cash out option or is only a stream of income. Either way, it is only
worth as much as the trustee can sell it for in the market place. If it is
a stream of income, any buyer with half brain would do a present value
calculation and then discount it further to make it worth their investment.
If you have any questions or concerns, please contact me.
Pat
Patrick T. Green, Esq.
Fitzgerald & Green
Attorneys at Law
1010 E. Union Street
Suite 206
Pasadena, CA 91106
Tel: 626-449-8433
Fax: 626-449-0565
pat@fitzgreenlaw.com

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I am listing an annuity on Schedule B but not sure what to put under 'value'....annuity is paid 4 times per year. It amounts to less than $3,000 per year.
I ask because I just saw a 341 last week where an attorney tried to do a present value calculation on an annuity and that....well it was not well received.

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