QUESTION
How do the Florida trustees estimate a car value?
Asked on Sep 14th, 2012 on Bankruptcy - Florida
More details to this question:
I will be filing a joint Chapter 7 Bankruptcy. I own a 2009 Toyota Camry CE. My balance for the loan is just $3,000. I know our exemptions are $11,000. Prices differ from $15,000 to $11,000 and I need to know in the end how much we going to owe to the trustee?
1 ANSWER
Criminal Defense Attorney serving Deltona, FL
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R. Jason de Groot, P.A.
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It is all subject to negotiation with the trustee. If he or she wants too much, tell him or her to have the vehicle picked up. Then get another car.
Answered on Sep 20th, 2012 at 10:11 PM