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Redemption in Ch7
That is why I am willing to use this jerryrigged "reaff", instead of a
redemption. Hopefully it will be the path of least resistance, altho I am
not completely comfortable with it.
Pat
Patrick T. Green
Fitzgerald & Green
1010 E. Union St. Suite 206
Pasadena , CA 91106
Ph: 626-449-8433
Fx: 626-449-0565
pg23@earthlink.net
To:
Sent: Thursday, May 20, 2004 12:02 PM
Subject: Re: [cdcbaa] Re: Redemption in Ch7
> I filed a motion to redeem personal property in Judge Riblet's court in a
> Chapter 7 case. She said that it involved injunctive relief and that I
would
> have to file an adversary proceeeding. The property was only worth $500.
> ----- Original Message -----
> To:
> Sent: Wednesday, May 19, 2004 9:56 PM
> Subject: [cdcbaa] Re: Redemption in Ch7
>
>
> > Hey, I was in your shoes just a few weeks ago! Just had my
> > redemption approved today and signed by the judge. Fortunately, it
> > seems that redemptions are fairly standard affair and not too
> > complicated, but you will probably need court approval for the
> > redemption. File the motion for authority to redeem and for payment
> > of attorney fees if any.
> >
> > It is a redemption, and not reaffirmation, you want for your client
> > as it allows your client to pay the lump sum of the fair market
> > value of the property rather than the full amount of the original
> > secured loan.
> >
> > Like I said, this relatively new to me too so fellow members feel
> > free to chime in.
> >
> > Khiem Tran, Esq.
> > 3500 W. Olive Avenue, Suite 300
> > Burbank, CA 91505
> > (818) 973-2736
> >
> >
> >
> >
> >
> > Yahoo! Groups Links
> >
> >
> >
> >
> >
>
>
>
>
>
>
>
> Yahoo! Groups Links
>
>
>
>
>
>
The post was migrated from Yahoo.
I filed a motion to redeem personal property in Judge Riblet's court in a
Chapter 7 case. She said that it involved injunctive relief and that I would
have to file an adversary proceeeding. The property was only worth $500.
To:
Sent: Wednesday, May 19, 2004 9:56 PM
Subject: [cdcbaa] Re: Redemption in Ch7
> Hey, I was in your shoes just a few weeks ago! Just had my
> redemption approved today and signed by the judge. Fortunately, it
> seems that redemptions are fairly standard affair and not too
> complicated, but you will probably need court approval for the
> redemption. File the motion for authority to redeem and for payment
> of attorney fees if any.
>
> It is a redemption, and not reaffirmation, you want for your client
> as it allows your client to pay the lump sum of the fair market
> value of the property rather than the full amount of the original
> secured loan.
>
> Like I said, this relatively new to me too so fellow members feel
> free to chime in.
>
> Khiem Tran, Esq.
> 3500 W. Olive Avenue, Suite 300
> Burbank, CA 91505
> (818) 973-2736
>
>
>
>
>
> Yahoo! Groups Links
>
>
>
>
>
The post was migrated from Yahoo.
Hey, I was in your shoes just a few weeks ago! Just had my
redemption approved today and signed by the judge. Fortunately, it
seems that redemptions are fairly standard affair and not too
complicated, but you will probably need court approval for the
redemption. File the motion for authority to redeem and for payment
of attorney fees if any.
It is a redemption, and not reaffirmation, you want for your client
as it allows your client to pay the lump sum of the fair market
value of the property rather than the full amount of the original
secured loan.
Like I said, this relatively new to me too so fellow members feel
free to chime in.
Khiem Tran, Esq.
3500 W. Olive Avenue, Suite 300
Burbank, CA 91505
(818) 973-2736
The post was migrated from Yahoo.
We have made agreement for debtor to redeem car for lump sum in Chapter 7. I have not handled one of these before and I want to make sure I don't screw up. The creditor, Wells Fargo Financial, has faxed me a reaff for the lump sum amount. Other than my client and I signing the agreement, what needs to be done.
All nuts and bolts advice is greatly appreciated.
Pat
Patrick T. Green
Fitzgerald & Green
1010 E. Union St. Suite 206
Pasadena , CA 91106
Ph: 626-449-8433
Fx: 626-449-0565
pg23@earthlink.net
We have made agreement for debtor to redeem car for lump sum in Chapter
7. I have not handled one of these before and I want to make sure I don't
screw up. The creditor, Wells Fargo Financial, has faxed me a reaff for
the lump sum amount. Other than my client and I signing the agreement,
what needs to be done.
All nuts and bolts advice is greatly appreciated.
Pat
Patrick T. Green Fitzgerald & Green1010 E. Union St. Suite 206Pasadena , CA 91106Ph:
626-449-8433Fx: 626-449-0565
The post was migrated from Yahoo.