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Ellen
Ellen, Attorney
Category: Bankruptcy Law
Satisfied Customers: 36714
Experience:  Bankruptcy Lawyer. Experienced.
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In a bankruptcy case, should I make a counter offer on an amount

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In a bankruptcy case, should I make a counter offer on an amount that they have asked for concerning scheduled values? Thy are asking for $6600.00 which I jus dont have. Also will the fact that I am in the middle of claiming LTD have any bearing on this since at this point I have little to no income.

WebLaw :

*This chat is not intended as legal advice. It is general information that may or may not apply to your situation and should not be relied upon.*

WebLaw :

Welcome to JustAnswer,
I am a Florida bankruptcy attorney.
If my answer is not clear to you or does not fully answer your question, please ask me for clarification by using the reply button.

Customer :

ok

WebLaw :

You, as the bankruptcy debtor, chose the values listed on your petition. If the trustee is requesting a higher value, you may make a counteroffer and the trustee may accept it. However if the trustee is requesting $6600 based upon the values that you stated in your petition, it is unlikely that he will accept less. In that situation you may want to request that you be permitted to make the payments over a period of time. The fact that you are on disability would typically not have any bearing on your case

Customer :

what if they employ an appraiser? can i just tell them to take the property?

WebLaw :

You always have the option to surrender the property

Ellen and other Bankruptcy Law Specialists are ready to help you

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