So what happens if the Client no longer has the furniture they bought
Posted: Thu Jul 22, 2010 6:07 pm
Dear Members:
Client had loan with Dearden's purchasing a bedroom set with mattress & Box
Spring. Notably the Mattress and Box Spring has no resale value because
those item's can't be resold by retainer. However, with respect to the the
four other pieces of furniture, those items were taken by a relative who was
foreclosed on and had to move to a new place. She lost everything when
tenants robbed her. So feeling sorry for the family member, they gave her
the furniture because it was cheap and falling apart. So now when they
filed chapter 7 bankruptcy, Dearden's is asking to reaffirm or give back
property. I don't recommend reaffirm obviously, and they don't have it to
give back. I realize that they could pay fair market for the furniture.
But Dearden's is asking for $1,700 on a debt that was $2,100.00. Clients
don't want to pay. Now what?
R. Grace Rodriguez, Esq.
OFF: (818) 734-7223
CEL: (323) 304-5496
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Dear Members:Client had loan with Dearden's purchasing a bedroom set with mattress & Box Spring. Notably the Mattress and Box Sprin
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