Redemption in Ch7
Posted: Thu May 20, 2004 6:02 pm
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
> >
> >
> >
> >
> >
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> Yahoo! Groups Links
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The post was migrated from Yahoo.