another Lien question

[messedupbad]

Some may know I bought a new truck and the end of June and filed on 10/14. At my 341 the Trustee said he was going to check on the Lien on the truck and request its Vin number. The other day I recived a letter that he has hired a law firm to handle this.
what happens say the Lawyers find out that the Credit union did not put a lien on the Truck within the allowed 20 days but say they did the lien on day 35 do they still have a vaild lien or is the lien total voided.
Im still confused about this perfected lien stuff.
I also wonder did the Trustee pull a lien report already and knows that there was none taken out on the truck in the allowed 20 days.would he really hire a law firm with out doing some checking first?. I feel if the Credit union did the lien within 20 day there is no case so why hire a law firm. I am still waiting to here from my Lawyer he said will take a week to find out what the trustee intends to do.

[StaciMM]

I don't know... I've head the 20 day rule on the lien, don't know the full story though.

If the trustee has reason to believe there is money in it, it makes perfect sense to hire attorneys. Keep in mind the trustee IS likely an attorney, and he'll probably hire his own firm. I don't know if the funds to pay come out of your assets, or from taxpayers in general. Either way, though, its just more money for him...

Edited to take the absoluteness out of my comment, as a way to not acknowldge that BKFiler is right...

[bkfiler]

just a little correction... not all trustees are attorneys. although, like you said, most are.

(staci, however, all trustees want your 'desk' )

[Minnymouth]

There should be laws that prevent a Trustee from hiring his own law firm to handle bankruptcy cases... its called "double dipping" the Court...
The Trustee is appointed by the Court - he makes money there - then he hires his "own" law firm - he makes more money there, then if you have assets to sell - he also makes a percentage there. One thing is for sure - they make a GOOD LIVING off our misery.......
I will try to find that link involving the statues on titles and liens (known as the "20 day rule")..... as soon as I can find it I will post it for you all....

Minny

[StaciMM]

They're not getting our desk! It isn't worth anything to anyone else, is one you buy then have to take home & put together yourself. It took a few hours to put together, and it is not coming down!!

just a little correction... not all trustees are attorneys. although, like you said, most are.

(staci, however, all trustees want your 'desk' )

[Minnymouth]

Lol,
Minny