310.376.9865
1. The Courts are extremely busy. Under normal circumstances, one hearing room is needed to conduct 341a hearings. They have all 3 hearing rooms working, plus another room on the 27th floor, plus another room in the shopping center next door, plus on some days they are using the Los Angeles Convention Center.
2. One Petitioner listed a copyright on her schedules. Any value? The trustee ask if she had received any royalties from the copyright over the past year, or if she had any options on the copyright at this time. The Petitioner did not, no value to the copyright, no interest by the Trustee.
3. Wheeler Dealer – This Petitioner bought and sold shares in several private corporations, later he sold them, and used the funds to play the stock market. The trustee and two creditors had questions for the Petitioner. The Petitioner had a good attorney and was able to answer all the questions satisfactorily. Although the Petitioner will have to provide additional documents to the trustee, such as, copy of share certificates, copy of the stock trading account, any written agreements as to the sale of the stock in the closely held corporations.
A very interesting day.
- Law Offices MJ Mann Bankruptcy Attorney
- 2706 Artesia Blvd, Suite BK
- Redondo Beach, CA 90278
- 310.376.9865
