Item Id: Dodge01
Case Name: Dodge, Christine A
Case Number: 12 30911
Trustee:
Starting Minimum Bid: $7,500
Description: Estate’s interest in a monthly guaranteed divorce settlement payment stream. The payments are a result of a 2009 divorce settlement/agreement. Court File # 69V1-FA-09-134, County of St Louis, State of Minnesota. The monthly payments are currently being paid directly to the Trustee to credit the debtor’s estate.
Pursuant to a divorce, the debtor was awarded a cash settlement of $40,700 which accrues interest at the rate of 6.5% The payment stream begin in April 2009, and the payment increased to $650 in the 7th year. The debtor retains the right to prepay the balance at any time without penalty.
The debt appears to be a debt the obligor cannot discharge through bankruptcy pursuant to 11 USC 533 (a)(15).
Trustee will retain the December 2015 and January 2016 payments to benefit creditors. The February 2016 payment is when the payments may transition to new owner. Payment are due on the 25th monthly. The remaining balance is approximately $20,000.
Contacting the trustee’s office is strictly discouraged. Trustees appoint auctioneers to sell assets and handle all communication with bidders. The trustee has disclosed all information to BKassets.com that he or she is legally able to disclose. Contacting the trustee’s office directly prior to the sale of the asset will be interpreted as an attempt to circumvent the auction process and may be grounds to bar individual from bidding.
Payment Stream attached
Payment Schedule-
Dodge Payment Schedule
Location Info: The divorce settlement was granted in Minnesota. The bankruptcy was filed in North Dakota.
Liens: We do not know of any other liens.
*Picture is of general area, not representative of actual property.*
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