For ch 7 purposes, which category in Kelly do you base what your vehicle is worth? There is trade in value or private party value. And what about the fair/good/excellent condition?
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Filed Chapter 7 Pro-Se May 29, 2008
341 July 1, 2008
Discharged September 4, 2008
Closed November 10, 2008 :-) -
Kelly is usually high. I would argue that you are not in the car business and always trade in your vehicles’. The dealers use a book name Galves. -
.Must be a regional thing. I've never heard of Galves. Around here I've always seen the dealers use NADA.Originally posted by Richard Kaufman View Post
Check out NADA, edmunds, and Kelly blue book values and you should get a pretty good feel for what you vehicle is worth.
Last edited by JollyGG; 07-20-2007, 09:39 AM.Filed: 10/26/2006
Discharged: 03/05/2007
Closed: 5/19/2008 - Asset case due to balance transfer and income tax refundComment
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Trustees usually use the Nada yellow book. They go by fair market value.Comment
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I'd recommend NADA value as well. I had a Kelly Blue Book value and the lawyer sent me back to get a NADA one. Its the one as others mentioned that the trustees prefer.May 31st, 2007: Petition Filed by my lawyer
July 2nd, 2007: 341 Meeting Held
September 4th, 2007: Discharged and Closed.Comment
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