[CLBS] here's a fun question for the bk geeks

[Matthew T. Christensen]

Why would prepaying on the lease be "too bad for the poor unfortunate trustee"?  Couldn't the Trustee market the fully-leased vehicle (or "nearly fully-leased vehicle") and assume/assign the lease to a potential buyer?  

MTC


Matthew T. Christensen 
(208) 384-8588 
mtc at angstman.com 
  
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-----Original Message-----
From: CLBS [mailto:clbs-bounces at admws.idaho.gov] On Behalf Of Aaron Tolson
Sent: Wednesday, August 30, 2017 6:08 PM
To: clbs at admws.idaho.gov; clbs-bounces at admws.idaho.gov
Subject: [CLBS] here's a fun question for the bk geeks

Debtor trades in a free and clear truck before bk.  The dealer then gives credit for 25k on a new leased vehicle, reducing the lease payments over a period of 48 months.  Debtor files chap 7 bk 6 months into the lease.  Can trustee avoid this transfer, or assume the lease and sell the car to get the non exempt equity back out?  Or did debtor just prepay on their lease and it's just all to bad for the poor unfortunate trustee?

--
Aaron J. Tolson
2677 E. 17th St. #300
Ammon, ID. 83406
208-228-5221

This a privileged communication.  Please advise if you received it in error.
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