Lower Car Payments, NOW! redemption. replacement. creditor direct funding. trustee funding

Transcription

1 Lowr Car Paymnts, NOW! rdmption rplacmnt crditor dirct funding trust funding

2 INTRODUCTION Wlcom, and thanks for your intrst in our programs! 722 Rdmption Funding, Inc. is th Nation s original and prmir rdmption company. For 20 yars, w hav offrd Chaptr 7 dbtors altrnativs to costly vhicl raffirmations. W ar vry proud to announc w hav surpassd $150 Million in savings to dbtors through our rdmption program alon. Insid this book, you will find an introduction to all th ways w can hlp your clints, including 722 Rdmption W supply th lump sum ncssary for your clints to rdm thir vhicls as allowd undr Sctions 11 USC 722 and 506(a)(2). 722 Wholsal Rplacmnt Our rplacmnt program hlps your clints rplac thir currnt vhicl with a nw or low-milag car. 722 Crditor Dirct Ngotiat win-win sttlmnts dirctly with crditors, saving your clints mony and guaranting crditors gratr than auction valus. 722 Trust Funding In th vnt of a non-xmpt quity or unprfctd lin situation, w will hlp your clints kp thir car. W look forward to th opportunity to srv both you and your clints. Should you hav any qustions, do not hsitat to contact us at any tim. W will b happy to assist you in any way possibl. Sincrly, Brad Zappin Dirctor of Oprations , xt. 201

3 It only taks ONE MINUTE, and your clints will know thir options rdm rplac raffirm REDEEM Undr 11 USC 722, your clints hav th statutory right to rdm thir vhicl for what it is worth, not what thy ow. Upon qualification, your clints can pay th lump sum rquird to rdm thir car and sav thousands of dollars! REPLACE Currnt car too xpnsiv or dos not qualify for a rdmption? No problm! Your clints can surrndr thir currnt vhicl and rplac it with nw or low-milag, affordabl transportation. REAFFIRM Should your clints raffirm? That s btwn you and your clints, but if w can t sav your clints mony on a rdmption, thy will b informd immdiatly.

4 60 SECOND APPLICATION Apply In ONE Minut! Easy as 1-2-3! 1) Visit 2) Fill out our no-cost, no obligation 60 Scond Application 3) W prsnt you and your clint with a fr, no obligation Savings Analysis dtailing how much your clint can sav. 60 Sconds can sav your clints thousands AND incras your firm s rvnu! 60

5 REDEMPTION W supply th lump sum ncssary for your clints to rdm thir vhicls as allowd undr Sctions 11 USC 722 and 506(a)(2). COMPETITIVE INTEREST RATES W offr th industry s most comptitiv rats. UNMATCHED EXPERIENCE Aftr 20 yars of unintrruptd businss and ovr 150 million dollars savd through our program, 722 has dvlopd a track rcord no on can match. With th nation s prmir rdmption company in your cornr, thr ar nvr any doubts. LEGAL SUPPORT 722 s lgal tam will support you in vry way. From th most basic procdural issus to complx cas dvlopmnts, 722 Lgal Support is prpard to hlp. NO COST OR OBLIGATION It costs absolutly nothing for your clints to xplor thir options. This allows for a mor informd dcision bfor raffirming on a vhicl with ngativ quity. ATTORNEY FEE FINANCING Fs associatd with pursuing an Ordr to Rdm may b financd as part of your clint s rdmption or rplacmnt loan. RE-ESTABLISHED CREDIT Your clints can immdiatly bgin to rpair thir crdit. DRASTICALLY REDUCED LOAN BALANCES Rdmption loans almost always rduc your clint s loan balanc by svral thousand dollars. And with no pnalty for arly payoff, dbtors ar in a much bttr position to sll, trad or payoff thir loan down th road. EXPERTS WAITING TO TAKE YOUR CALL You ar always just minuts away from knowing vry option your clint has bfor raffirming on a car loan. Knowldgabl rprsntativs ar standing by to tak your call. BACK UP PLAN Our Wholsal Rplacmnt Program givs you th lvrag you nd in valuation ngotiations with crditors. If unrasonabl dmands ar mad, your clint can simply surrndr th vhicl and rplac it with mor affordabl transportation. PUBLISHED RETAIL VALUES 722 provids documntd rtail valus. You can fl confidnt any valu you rciv is accurat and in complianc with 506(a)(2). MOTION PREPARATION 722 will prpar clint and jurisdictional spcific motions. At No Cost.

6 REDEMPTION Rdmption Procss 1) Hav your clint call , or apply onlin at 2) W conduct a savings analysis to dtrmin if a rdmption loan savs your clint mony. Sampl > 3) Upon loan approval, w snd you vrything you nd to scur an Ordr to Rdm. 4) Onc th Ordr is scurd, w procss your clint s nw loan and disburs all funds, including applicabl attorny fs (s FAQ for attorny f guidlins). Rtail Rdmption vs. Raffirmation/Rtain-and-Pay Savings Analysis Dat of Valuation Jun 2013 Dbtor(s) John Q. Do Vhicl 2012 Chvrolt VIN #ABCDEFGHIJKLMNOPQ 21,500 Mils Currnt Crditor ABC Bank Valu Paymnt Trm Total Savings Raffirmation/ Rtain-and-Pay - $ $28,884 0 Rdmption $11, $ $20,952 $7,932 5) Your clint has a nw loan and bgins to r-stablish crdit.

7 CREDITOR DIRECT Ngotiat win-win sttlmnts dirctly with crditors, saving your clints mony and guaranting crditors gratr than auction valus. Easy Procss W prpar all matrials and handl th ngotiations (at your rqust). Attorny F Financing Attorny fs associatd with your ngotiation in ths contstd mattrs may b financd as part of your clint s loan. R-Establishd Crdit Your clints instantly bgin to r-stablish crdit. Win-Win Crditors gt highr than auction valus and dbtors gt a drastically rducd loan balanc. Fastst Funding Upon raching a sttlmnt, w can oftn fund th crditors within 15 days. Sttlmnt Proposal for ABC Bank Dat Jun Dbtor(s) John Q. Do Vhicl 2008 Chvrolt Impala LT VIN #ABCDEFGHIJKLMNOPQ 21,453 Mils PROBLEM Chaptr 7 Surrndr = Liquidation Auction Valu Documntd Auction Valu = $10,250 (using Rcnt Auction Sals availabl upon rqust) Lss Rconditioning $200 Lss Dprciation $150 Lss Rpossssion $275 Lss Auction Fs $150 Nt Rcovry = $9,475 SOLUTION Chaptr 7 Crditor Dirct Funding Accpt Our Rtail Offr $11,990 paid within 15 businss days Additional Valu Rcovrd $2,515!

8 REPLACEMENT Our Rplacmnt Program hlps your clints rplac thir currnt vhicl with a nw or low-milag car. MOST COMPETITIVE RATES With svral lndrs to choos from, 722 can shop for th bst rat availabl for your clint. GREAT VEHICLES Cars must b nw or low-milag and sold at dply discountd prics. If your clint cannot find a dalr willing to sll thm a vhicl which passs our mandatory 50-point inspction (including background chck) and rducd pric rquirmnts, w will put thm in touch with on that will. QUICK, EASY PROCESS From day on of filing, your clints ar nvr lft worrying about transportation nds. In most cass, thy can slct a vhicl th sam day thy ar approvd. AFFORDABLE PAYMENTS Our goal is to lowr your clints car paymnts. EXPERTS WAITING TO TAKE YOUR CALL You ar always just minuts away from knowing vry option your clint has bfor raffirming on a car loan. Knowldgabl rprsntativs ar standing by to tak your call. NO COSTS OR OBLIGATION It costs absolutly nothing for your clints to gt approvd and xplor what rplacmnt vhicls ar availabl. This allows for a mor informd dcision bfor raffirming on an xpnsiv vhicl. RE-ESTABLISH CREDIT Your clints can bgin to rbuild thir crdit immdiatly. NO DOWN PAYMENTS Whil tax and titl ar oftn ndd to kp monthly paymnts low, w do not rquir any mony down on rplacmnt loans. ZERO PRESSURE No fac-to-fac contact with car sals prsonnl is rquird. Evrything can b don ovr th phon, and loans ar closd through th mail. Additionally, othr than optional xtndd warrantis, no financ products ar allowd on our loans. ATTORNEY FEE FINANCING Many rplacmnts through our program rsult from an attmptd rdmption. Lgal fs incurrd pursuing a rdmption may b financd as part of your clint s rplacmnt loan.

9 REPLACEMENT With 722 Rplacmnt, your clints will not mrg from bankruptcy with anothr upsid down car loan. 722 is STILL th bst rplacmnt program availabl to your clints. W will nvr xploit your clints by financing a high rtail valu with xtndd loan trms, high down paymnt rquirmnts and xpnsiv additional financ products thy don t nd. With our program, you can fl confidnt your clint will not mrg from bankruptcy with anothr upsid down car loan. Th procss is as asy as Upon approval, your clint instantly bgins looking for a nw or low-milag vhicl at th dalrship of thir choic. 2 W rviw all paprwork submittd by th dalrship to nsur all lnding guidlins ar mt. 3 A contract is snt to th dbtor, and upon xcution, your clint will hav a nw loan and bgin saving mony!

10 TRUSTEE FUNDING In th vnt of a non-xmpt quity or unprfctd lin situation, w will hlp th dbtor kp thir car. Problm Your clints nd a lump sum paymnt to r-purchas thir car from th trust. Solution By lnding mony to Chaptr 7 dbtors for th fair markt valu of thir cars, our Trust Funding program rsults in a win-win solution for dbtors AND trusts. Trusts Win No mor auction costs or hassls No mor dbtor paymnt plans Highr than auction valus Fast funding Non-advrsarial procss Dbtors Win Rtain much ndd transportation No out-of-pockt costs R-stablish crdit Procss Upon loan approval and a lin fr titl or lin rlas lttr from th trust, w will xcut a nw contract with th dbtor and issu a lump sum paymnt to th trust.

11 Program Guidlins Who Should Apply? In ordr to nsur th highst possibl approval prcntag, 722 now offrs multipl lnding sourcs for your clints. Whil approval critria may slightly vary from on lndr to anothr, loan dcisions ar gnrally basd upon your clints automobil and/or mortgag paymnt history. And sinc it only taks 1 minut to fill out our onlin application, why not lav th scrning to us? Rmmbr thr is no cost or obligation to apply so don t hsitat to contact us with qustions or concrns about clint ligibility. FAQ 1) How ar attorny fs handld? Your clints may borrow additional mony as part of thir rdmption loan to covr attorny fs incurrd whil pursuing th Ordr to Rdm. a) W obtain th amount of th f dirctly from your offic and hav absolutly no rol in dtrmining th f. b) W disclos this f clarly on your clint s loan contract as Attorny F scrow Account. c) Your clints must xcut and rturn a signd and notarizd Acknowldgmnt and Authorization for Rlas of Attorny Fs from Clint/Attorny F Disbursal Escrow Account agrmnt. d) W disburs fs dirctly to your offic on your clint s bhalf. 2) How do I bst xplain th highr intrst rat to my clints? Rgardlss of th rat (varis by lndr), rdmption loans rsult in lowr monthly paymnts without xtnding th numbr of paymnts owd. Additionally, with no pnalty for arly payoff, th drastically rducd principal of th nw loan maks th vhicl much asir to payoff, sll or trad. Intrst rats ar a rflction of risk, and loans on dprciating, mobil assts to Chaptr 7 dbtors can indd b risky BUT by any mthod of financial calculation, rdmption loans SAVE YOUR CLIENT MONEY. 3) In what stats do you oprat? Programs availabl in all 50 stats.

12 722 Quartrly Who is filing th most cass in your district? 722 Rdmption Funding, Inc., th company you hav trustd for narly 20 yars for vhicl rdmption and rplacmnt loans, is plasd to offr our mail nwslttr for Consumr Bankruptcy Attornys, 722 Quartrly. offrs contnt focusd on Chaptr 7-rlatd issus, such as Nationwid Chaptr 7 filing list sortd by stat Latst nws and lgislativ updats Calndar of vnts To sign up, simply mail support@722rdmption.com and w will mak sur you rciv th nxt dition. Nationwid Chaptr 7 Filing List

13 TESTIMONIALS 722 Rdmption Funding offrs many Chaptr 7 bankruptcy dbtors a mans to r-financ thir ovr-ncumbrd vhicls and sav thousands of dollars. In many instancs, th dbtors cannot afford to kp thir cars without th rdmption and th trmndous savings so it maks a dramatic diffrnc in th dbtors livs. 722 Rdmption Funding is profssional, honst and vry asy to work with. Our clints ar fortunat to hav this option, and our law firm is fortunat to b abl to work with a company that is so wll managd. Stvn A. Alprt C.O.O. Pric Law Group Encino, CA fficint, asy to work with and vry cost ffctiv, 722 Rdmption Funding, Inc. puts mony back in our clints pockts. Evry bankruptcy cas I fil is scrnd to s if 722 Rdmption Funding can sav th clint mony. Shawn Doan Doan, Lvinson & Liljgrn LLP - Escondido, CA W hav bn using 722 Rdmption Funding, Inc. sinc Bfor thn, w wr filing many cass undr Chaptr 13 just to strip down th dbtor s car. Rdmption financing allows us to fil cass undr Chaptr 7 whr th clint satisfaction is much highr. Timothy Kingcad Kingcad & Garcia - Miami, FL I v bn using 722Rdmption for yars. Thir attorny support is fast and complt. I just had anothr rdmption approvd and will continu to ncourag my clints to tak advantag of this trrific opportunity. Jff Mathias, Ds Moins, Iowa Bankruptcy Attorny I hav usd 722 Rdmption Funding, Inc. consistntly for th past two yars. Th popl hav always bn frindly and rsponsiv to both th nds of my dbtors and myslf. On avrag, 722 Rdmption savs my clints $3000-$5000 ovr th lif of th loan. Th gratst savings was $10,000. Thr is no gratr fling than bing abl to sav your dbtor mony at a tim in thir lif whn thr sms to b no hop. Rachl Foly Foly Law Kansas City, MO

14 SAMPLE FORMS 722 is happy to provid you with th forms ncssary to assist your clints. Forms ar availabl at 722rdmption.com for your convninc. Forms ar password protctd. Plas us 722attorny for both usrnam and password. U.S. BANK RUPTCY CO UR DIST RICT OF T _ In R Dbtor (s) _ Cas No. _ Chaptr 7 (Ju TION ING FUND P ing EDEM follow 722 R suggsts th r languag in ta _ ) ORDER GR AN APPROVAL TING REDEMPTION AND OF ASSOCI FINANCING ATED AND ATTO RNEY FEES. Upon th mo tion of th D btor (s) and rquird, th thr having Court finds as bn no rspon follows siv filing or objction wit 1. f Th d tangibl pr hin th tim clos houshold us sonal proprty dscribd v) dis o b bl (a of ow is intnd th dbtor (s) th s, d pri s) ic ma r( rily for prson rv bto s a g g d al, in in fam Y ily or ar olv h th llow rs inv nt wit clud th fo Mak _ d matt in agrm _ ontst By Modl _ ny c.c VIN # a _ in _ ics 2. Th btor(s) dr 11 U.S dbt owing n th d nal srv tion of dmption u additio rc of such proprty is x th Crditor is a discharg ta h n c s su R abl mpt or has b for sou Rpr n abandond consumr dbt and th paid and th arnings of 3. Dbtor (s) int by th stat _ d to b. Th valu of rst in such th agr post-ptition of f $_ scurd claim of th Cr ag t gu $ n lan u th o r b dito su _ r for rdmptio clo b am. all dis ll. sh tal a h n s) T n n sh pur o r( lm poss, th r pti supp aid bto p m d IT dm d b HE ptio r RE th n amount is to BY ORDERE g of in) olv(b D, nsation ing(s) Undr BR 20v16 r writtn Suggstd _ dg in Comp not dos borrow 1. That th D btor (30 th) day fol (s) may rdm th sub jct proprty lowing ntry 2. Rasonab by paying to l attorny f of this Ordr th rdm th Crditor ptio on or bfor s 3. Upon tim th thirtith ly rcipt of and financing ar approv n amount. d undr th such paymnt, th crtificat trms and con th Crditor of titl in acc ditions st for is 4. In th v ord ord r with th Dbto d to cancl its th hrin. nt of th fail U.S. BAN r lin ins KRU ur tru of PTCctio COURT rcord and sur of th Crdito aforsaid lum r to so cancl Y n. rndr p pursua _ nt to th for th said lin sum lin CTitsOF within thr ntdis ry of TRI this Ord (3) day _ Supplmnt r, thn this sam of rcord to b cancld, and it is In R Ordr shall sr s aftr paymnt of th Ordrd that. v th 5. In th v as an author lica Casapp bl Co nt of th fail No. ization unty Clrk _s Offic ur of th D aut om atic sta Dbto shall cancl btor (s) to pay r (s) y shall imm diatly mptio th rd trminat. Chapt amoun r 7n(Judg crtify that I, t within (a) 9 32 suc. SO h tim fram ) ORDERED U.S.C, th this _ 2016 (b) and 11 and that in supplmnt to day of _ nkruptcy Rul _, d by d dbtor(s) Pursuant to Ba _ORD AGR20_ rtofor filu.s. EED _. ER OF REDE BANKRUPTCY COUR th abov nam y for dbtor(s) h for T y MPT ION orn att _ DISTRICT I am th of attorn OF of compnsation In R th disclosur Copith s tomotion of Upon lows th Dbtor (s) and agr Cas No. _ ditor mnt by Ba uptcy m, stats as fol thnkr ascr follow affct Dbtor (s) djud s _ g or signing blow crdit th, th Court finds U.S. Trust of Chapt ion r tat 7 (Judg n rs Chapt rp _ ) for r Crdit _ 7 1. or Tru Th (s tangib st lprsonal proprty dscri $_ nting of Addr gra r d sum bd Or blow th an is ss ) id intnd MOTION FOR AUTHhoushold us of th pa r(s tor d primarily for prsonal, ORITY TO REDE dbtor (s) family or fit of th dbto 1. I hav bn Court U.S. Bankruptcy _ strict of_ Di <Cas No.> <Dbtor> EM mo n PERSONAL PROPERTY tain cr AND APPROVAL uring for th b dr , a S.C U. OF ASSOCIATED FINAYar pr vio us ly dbtor(s) in sc un NCING AND _ Mak ATTORNEY FEES UNDE right to rdm ing in addition to that Modl R 11 U.S.C. 722 th th dbtor(s) Now of b com p (s) ion th sco Dbto thand through counsl, and (s) by compnsat yor nd b Bankrrn VIN # rd movs th court pursua Rul 6008 r for a Rdmption Ordr vhicl, such ofo s uptcyd rt vic nt to 11 U.S.C. 722 and h sr on ion th for follow sat ing grounds mpn bing co d h an suc sd 2. for clo Th dbt owing th Crditor dis 1. rd itm to b rdm is a dischargabl consu d is tangibl prsonal propr hav bn rnd isthmor mr dbt and th Dbtor Proprty is xmpt or has ty intndd primarily for particularly dscribd as (s) intrst in such bn lgal srvics to prson aband al, family or houshold us ond by th stat. follows disclosd. 3. Th valu of th scur Yar was from m tomak d claim of th Crditor for id pa ion sat rdm _ $. ption purposs, th rd Modl al compn mption amount is of such addition VIN # 2. Th sourc IT HEREBY ORDERED, that th. 2. Th intrst of th Dbto Dbtor (s) may rdm th on wi such rdmption or th subjct proprty by bfor th thirtith (30th r (s) in such nsat ty ion is xmpt or paying to th Crditor ) day following ntry of comppropr (which is scurd by sd said rcip this Ordr th rdmption proprty to th xtnt of lawhas bn abandond by th stat t of such ) disclo and th paym (abov dbtnt, th Crditor is ordr amount. Upon timly r dbt. d to cancl its lin of rcord iats of myth allowd scurd claim oftitl th Crdit in accor rd to shar thconsumm or) isd awith discha and surrndr th crtifi rgabl th Dbto r instruction. In mbrs or assoc t 3. I hav not ag cat of no th rdm vnt ar o ption of th failur of th Dbto amount within such tim rsons wh 3. Th allowd scurd claim of said Crditor for r (s) to pay th fram, th automatic stay shall immdiatly trmin a prson or p purposs of rdmption, dtrmind to b not mor th rdmption valu, at. than $ as should SO ORDERED b vidn cd this by th m. attach fir _ day of d writtn appraisal. 4., Arrangmnts hav bn mad by th Dbtor (s) to pay to th said Crditor lump sum should this motion up to th aforsaid amoun b grantd. t in a 5. Th paymnt for this propos d rdmption is to b financ d particulars of that financ through U.S. Bank N.A., ing (intr with all of th charg paymnts, tc.) st forth st rat, financ tor, amount financd, total of Agr for Db in full dtail d nts, amount of paym Attinorn thy attach mnt(s) hrto. As dmon trm of th paymnts and stratd thr, th monthly th ovrall amount of th amount, rpaymnt proposd rdmption. Moro vr, th Dbtor has agrd st will b dcrasd signifi cantly throug h th _ of $, from thir Truto borrow and disprs additional. U.S to y loan with Cop Crditor funds U.S. Bank N.A., for rprs th amoun or its in Attorn bnfit of th dbtor(s) an ntatio n of th dbtor(s) in scuring y t ordr granting th dbtor for th (s) th right to rdm undr vhicl, such compnsatio 11 n bing in addition to that U.S.C. 722 a crtain motor prviously disclosd and byond th scop of th bing for srvics lgal srvics to hav bn rndrd _ Attorny for Dbto rndrd for such comp r (s) nsation hrto for disclo sd. WHEREFORE, th Dbto r (s) rqust (s) th Court lump sum paymnt of th to ordr th said Crdit to th or to Copi rdmption valu and rlas accpts from Dbtor (s) th thir lin of rcord. In this motion, th Dbtor (s) rqusts th Court to th vnt th said Crdit dtrmin th valu of th or objcts to such objction. proprty U.S. as of Trust of th haring th tim on Chaptr 7 Trust Attorny for Dbtor (s) 20. Bankruptcy Judg NOTICE Notic is hrby givn that unlss an objction is mad to this motion within 21 blow, an ordr sustaining days following th dat th motion may b grant of srvic d by th Court. CERTIFICATE OF SERV I hrby crtify that th ICE forgoing has bn srvd upon th Crditor s abov Chaptr 7 Trust by mailin notd, th U.S. Trust, g a copy hrof by first class and th 20. U.S. Mail on this day of, Attorny for Dbtor (s)

15 Dbtor Handouts For a fr supply of handouts, call or mail support@722rdmption.com ptr 7 a h c in a u p t c y! R k n ba ights t abou t a h W? R A C My ER v you ha M E E D E R OR CE A L P E R R c you Rpla, high siv xpn car! milag R and OuR ca t it s kp y ly Wha pay On Not What, WORth OW! you ER LoW A C RNts, ME PAy! W o N om ption.c Wwh y.722rdm ww absolutly or oblig no cost xplor allation to options lowr mo nthly 1. car paym R-stablis h Ow only the PRoC Ess nts crdit what your car is wort h Our xpri nc. Ovr $250 loand thro million alrady ugh our v hicl rplac rdmptiomnt and n program s dmp tion.com apply onlin rdmpti on.c Or call om 1 2. W aggr ssivly xp lor all your op tions You dcid 3. which o ption is bst for you

16 Rdmption Funding, Inc. is not a law firm and dos not rprsnt or giv lgal advic to Bankruptcy attornys or thir clints. No attorny clint rlationship is intndd or implid w rprsnt th lndr, you (Dbtor s Attorny) rprsnt th borrowr. Figurs and calculations ar for illustrativ purposs only. All conditions and trms ar subjct to chang at th discrtion of 722 Rdmption Funding, Inc.