I know that caution is the immediate need - filed ch7 under old law, and
haven't yet had the 341 mtg.

Today I got an 'offer' from an outfit called 'freshstartloans' that would
result in a loan to redeem my auto. Presumably, one option is to redeem
the car and force the lender to accept full payment at current retail value.
Of course, the freshstart folks supply the cash to make that transaction.

Has anyone dealt with this before or have any experience to share w/ them?

Thanks
Gary

I've used 722redemption.com. You'll pay about 25% APR, but depending on the
details you may save money. Discuss it with your attorney.

--

Take care.

Brett Weiss
lawyer@brettweiss.com
www.brettweiss.com

Justice consists not in being neutral between right and wrong, but in
finding out the right and upholding it, wherever found, against the
wrong. —Theodore Roosevelt

************************************************** ***************
The Small Print: This response is for discussion purposes only. It isn't
meant to be legal advice and you shouldn't treat it as such. If you want
legal advice, speak with a local lawyer familiar with your state's laws who
can review *all* of the facts and the law applicable to your situation.
************************************************** ***************



"Gary" <garyprud@comcast.net> wrote in message
news:gNOdnUP3EcXwcfbeRVn-sw@comcast.com...I know that caution is the immediate need - filed ch7 under old law, and haven't yet had the 341 mtg. Today I got an 'offer' from an outfit called 'freshstartloans' that would result in a loan to redeem my auto. Presumably, one option is to redeem the car and force the lender to accept full payment at current retail value. Of course, the freshstart folks supply the cash to make that transaction. Has anyone dealt with this before or have any experience to share w/ them? Thanks Gary

On Sat, 05 Nov 2005 02:12:40 GMT, "BRETT WEISS" <interlaw@verizon.net>
wrote:
I've used 722redemption.com. You'll pay about 25% APR, but depending on thedetails you may save money. Discuss it with your attorney.


Problem is, that the new law disallows "Lein Stripping" In other
words, you now HAVE to pay what you owe and not FMV only. If you want
to keep the vehicle that is...

You can't strip down the lien, but you still can redeem the car for its
current market value.

Take care.

Brett Weiss
lawyer@brettweiss.com
www.brettweiss.com

Justice consists not in being neutral between right and wrong, but in
finding out the right and upholding it, wherever found, against the
wrong. -Theodore Roosevelt

************************************************** ***************
The Small Print: This response is for discussion purposes only. It isn't
meant to be legal advice and you shouldn't treat it as such. If you want
legal advice, speak with a local lawyer familiar with your state's laws who
can review *all* of the facts and the law applicable to your situation.
************************************************** ***************


"Gene" <Gene@nowhere.com> wrote in message
news:fn2qm198m1jgdqnsdksas7qcu0rruafn1m@4ax.com... On Sat, 05 Nov 2005 02:12:40 GMT, "BRETT WEISS" <interlaw@verizon.net> wrote:I've used 722redemption.com. You'll pay about 25% APR, but depending onthedetails you may save money. Discuss it with your attorney. Problem is, that the new law disallows "Lein Stripping" In other words, you now HAVE to pay what you owe and not FMV only. If you want to keep the vehicle that is...

On Mon, 7 Nov 2005 19:41:04 -0500, "Brett Weiss"
<lawyer@brettweiss.com> wrote:
You can't strip down the lien, but you still can redeem the car for itscurrent market value.


Does that force the creditor to accept the offer made or can they
reject it?

using kbb.com, there are 3 values:

Trade In
Buy from Dealer
Private buyer purchase

Which would be the most appropriate value to offer?
(if it was your choice)

"Brett Weiss" <lawyer@brettweiss.com> wrote in message
news:Lbidnap7o_m3afLeRVn-qg@giganews.com... You can't strip down the lien, but you still can redeem the car for its current market value. Take care. Brett Weiss lawyer@brettweiss.com www.brettweiss.com Justice consists not in being neutral between right and wrong, but in finding out the right and upholding it, wherever found, against the wrong. -Theodore Roosevelt ************************************************** *************** The Small Print: This response is for discussion purposes only. It isn't meant to be legal advice and you shouldn't treat it as such. If you want legal advice, speak with a local lawyer familiar with your state's laws
who can review *all* of the facts and the law applicable to your situation. ************************************************** *************** "Gene" <Gene@nowhere.com> wrote in message news:fn2qm198m1jgdqnsdksas7qcu0rruafn1m@4ax.com... On Sat, 05 Nov 2005 02:12:40 GMT, "BRETT WEISS" <interlaw@verizon.net> wrote:I've used 722redemption.com. You'll pay about 25% APR, but depending onthedetails you may save money. Discuss it with your attorney. Problem is, that the new law disallows "Lein Stripping" In other words, you now HAVE to pay what you owe and not FMV only. If you want to keep the vehicle that is...