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bass & assoc.
Vicky,
Here' a novel approach!
How about carefully amending the schedules, (If need be) to list all the
furniture in Schedule "B", at FMV, then listing the Levitz's security
interest in each item on Schedule "C", then amending Statement of Intention
as "retaining" the furniture and paying pursuant to the contract?
Ty Takeuchi
>Reply-To: cdcbaa@yahoogroups.com
>To: cdcbaa
>Subject: [cdcbaa] bass & assoc.
>Date: Mon, 22 Nov 2004 15:34:27 -0800 (PST)
>
>Does anyone have experice with Bass and Assoc. (a law firm) repossessing
>Levitz furniture after the 341a, if the debtor does not reaffirm or
>surrender the
>furniture?
>Debtor has a 'no pay until 2006' deal for about $2500 worth of furniture
>bought
>months prior to considering bk. Bass wants them to reaffirm or surrender.
>They're
>not in a position to make a lump sum offer and want to keep the stuff. The
>re-aff
>deal is pretty cheesy.
>thanks for the help,
>vicki
The post was migrated from Yahoo.
I have cut better deals with Bass & Assoc than the one first offered.
Remember to reaff the furniture, the amount in reaff should reflect the present
market value of used furniture. $2500 of new furniture last year is probably
worth $1000 today.
I have cut better deals with Bass & Assoc than the one first
offered. Remember to reaff the furniture, the amount in reaff should
reflect the present market value of used furniture. $2500 of new furniture
last year is probably worth $1000 today.
The post was migrated from Yahoo.
Does anyone have experice with Bass and Assoc. (a law firm) repossessing
Levitz furniture after the 341a, if the debtor does not reaffirm or surrender the
furniture?
Debtor has a 'no pay until 2006' deal for about $2500 worth of furniture bought
months prior to considering bk. Bass wants them to reaffirm or surrender. They're
not in a position to make a lump sum offer and want to keep the stuff. The re-aff
deal is pretty cheesy.
thanks for the help,
vicki
Does anyone have experice with Bass and Assoc. (a law firm) repossessing
Levitz furniture after the 341a, if the debtor does not reaffirm or surrender the
furniture?
Debtor has a 'no pay until 2006' deal for about $2500 worth of furniture bought
months prior to considering bk. Bass wants them to reaffirm or surrender. They're
not in a position to make a lump sum offer and want to keep the stuff. The re-aff
deal is pretty cheesy.
thanks for the help,
vicki
The post was migrated from Yahoo.