Quote Quoting morrdba
View Post
Thanks! My order confirming does not have that language but says I must send notice and complete disclosure of the terms before selling property valued in excess of $5,000. If I owe $11K to VW Credit and sell it for $16K max, I will net at most $5K. If my value in the car is $5K, do I still have to send notice to the trustee?
Yes you must comply with the Order. Value is not your "equity" in the asset, it is what the asset is worth.

Des.