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To: Old North State

the change is not arbitrary.

This is not a Christopher Dodd senator special loan.

the process requires 1. fair market valuation and 2. proof of payment ability on the actual market value.

The other aspect that is positive, I think, is that ALL these motions are public record and ONLINE via pacer (federal online court data system). No obamaesque secret acorn deal rooms.

You don’t just have judges you also have the US Trustees office involved and they are pretty expert at valuations of property.


30 posted on 02/26/2009 10:29:24 AM PST by longtermmemmory (VOTE! http://www.senate.gov and http://www.house.gov)
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To: longtermmemmory
The problem, as I see it, is that US Trustees, et al, are are not parties to the contract. They are more like expert witnesses. They are not filing a brief, they are to assist the judge. If the parties to the contract decide to modify the terms, then I have nothing to say, it is their right. But if the judge changes the terms unilaterally or ex parte, then the judge has voided the contract by fiat and, in my opinion has exceeded his legal authority. The judge has not ruled on the facts, the judge has not ruled on the law, he has just voided the initial agreement.
37 posted on 02/27/2009 9:57:34 AM PST by Old North State
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