Morning fellow gurus.
I was wondering, do you guys think it's a good idea or bad to use a lawyer who is also a trustee?
The positive is that they obviously know the paperwork well and are highly unlikely to make a mistake or cause a delay. They have quite a bit of knowledge on BK but they are not to keen on discussing any pre-bank planning. Which I think is because it may be a conflict of interest, being a trustee. In terms of exemptions and stuff like that, they are quite knowledgeable and know what works and what pushes the limits.
Also, according to the lawyer a ride-through is no longer an option and we must either hand the car over or reaffirm it. So I don't know how to say well I would like to try my luck and continue paying for the vehicle but no reaffirm.
I was wondering, do you guys think it's a good idea or bad to use a lawyer who is also a trustee?
The positive is that they obviously know the paperwork well and are highly unlikely to make a mistake or cause a delay. They have quite a bit of knowledge on BK but they are not to keen on discussing any pre-bank planning. Which I think is because it may be a conflict of interest, being a trustee. In terms of exemptions and stuff like that, they are quite knowledgeable and know what works and what pushes the limits.
Also, according to the lawyer a ride-through is no longer an option and we must either hand the car over or reaffirm it. So I don't know how to say well I would like to try my luck and continue paying for the vehicle but no reaffirm.
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