Item Id: Gatten01
Case Name: Gatten, Susan Gulin
Case Number: 13 30095
Trustee:
Starting Minimum Bid: $10,000
Description: Estate’s interest in a judgment awarding debtor payment of a monthly divorce settlement. The payments are a result of a 2011 divorce settlement/agreement. Court File/Index # 10/305405; New York County, State of New York. The monthly payments were awarded at $6,000 per month to begin May 2011 and continuing until Susan Gatten dies or remarries for a maximum total of $720,000.
The payments were made from April 2011 through February 2014 (35 payments for a total of $210,000). As of 7/20/17, Susan Gatten has not died or remarried. As a result, the defendant, Ray Gatten, currently owes $22 payments of $6,000 each for a total currently owed of $132,000. There is an additional $6,000 accruing each month, for a total possible additional 63 payments. Should Susan Gatten die or remarry, the total amount that could be owned by Ray Gatten pursuant to the Judgement of Divorce would be $510,000.
The defendant, Ray Gatten, was further ordered to pay attorney fees I the amount of $12,000. No payments have been made on this amount.
Location Info: The divorce settlement was granted in New York. The bankruptcy was filed in North Carolina.
Liens: We do not know of any other liens.
*Picture is of general area, not representative of actual property.*
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