2Newsletter

Paralegal of the Quarter Award


722 Redemption Funding is pleased to announce Marla Tate of Macey Bankruptcy Law in Indianapolis as the quarterly recipient of the "Paralegal of the Quarter" award.

Marla's success in this regard comes as no surprise to her colleagues:

"Marla is an invaluable member of the Indianapolis office of Macey Bankruptcy Law. She is very diligent and works hard to make sure that every client's case receives the utmost care. Her tireless hard work and dedication to client service embody the ideals upon which Macey Bankruptcy firm was founded.

Marla serves as the only non-attorney staff member in a high-volume office, yet manages to provide excellent service to every client that walks through our doors. I am proud to nominate Marla Tate as Paralegal of the Quarter." - Jay Perez, Attorney, Macey Bankruptcy Law

Marla will receive a $100 gift card, and Macey Bankruptcy Law will receive a breakfast to recognize Marla's achievement.

Want to nominate a paralegal to be the next award winner? Send us their name and reasons why you believe they deserve this award to  newsletter@722redemption.com.

722 Redemption Welcomes New Corporate Counsel


We are honored to introduce Steven A. Elmer as Corporate Counsel. Steven received his B.S. from Indiana University and his J.D. from Indiana University School of Law - Indianapolis. He is admitted to practice law in the state of Indiana as well as the U.S. District Courts for the Northern and Southern Districts of Indiana.


Prior to joining 722, Steven gained significant bankruptcy experience as a debtor's attorney representing hundreds of clients in Chapter 7s and 13s. He also has significant experience in insurance defense and personal injury matters.


Steven currently resides in Indianapolis, but will be relocating to Cincinnati with his wife, Lacy, and three dogs. He enjoys watching the Philadelphia Eagles, running, traveling and volunteering at the local Ronald McDonald House.


If you have any questions or would like to welcome Steven to 722 Redemption Funding, he can be reached at  selmer@722redemption.com or 513-885-2998.

Case Law: Setting Replacement Value


In determining the "replacement value" of an automobile under 11 U.S.C. § 506(a)(2), the retail value of an identical make and model car is the starting point with certain expenses, including reconditioning and the retail cost of repairs, as allowable deductions.


Learn more about the legal ruling.

BK Nation Poll

If a redemption can't save your client money, which of the following options are you more likely to recommend to your client?
Reaffirmation
Continue making payments without signing a reaffirmation agreement
Surrender/replace their vehicle

If you do not receive a confirmation page after clicking submit, please click here.

Previous Poll Results

In the July issue, we asked:

What fee do you charge your clients to handle a vehicle redemption?

A record number of responses showed a wide distribution of answers.

37% charged between $200-400
30% charged between $400-600
22% charged less than $200
11% charged more than $600

On the Road Again

722 Redemption Funding has a busy travel schedule during the last quarter of 2011. We hope to see you at one (or all) of the following conventions.


NACBA Fall Workshop - October 27-29, Colorado Springs, CO


Credit Education Coalition seminar - November 4, Columbus OH


ABI Annual Consumer Bankruptcy Conference - November 11, Detroit, MI


Please let us know if you are planning to attend. We would love to say hello.

Running Down Cancer

As you may be aware, October is National Breast Cancer Awareness Month. In an effort to raise money to help cover the cost of a cancer-related medical bankruptcy, 722 Redemption Funding, along with its affiliates and vendors, are forming a team to run the Flying Pig Marathon in Cincinnati in May 2012.

To nominate your client, please send us their name along with the reasons why you feel they deserve the funding. If you would like to join our team, we would love to have you.


Nominations, donations and sponsorships can be sent to support@722redemption.com.


The family that is chosen will be announced in the April 2012 issue of 722 Quarterly.

3rd Quarter 2011 Bankruptcy Filing Lists


Our national list shows who filed the most bankruptcies in your district in the 3rd quarter of 2011.
We update this list every quarter so you can keep an eye on your competition. Trust us...They are keeping an eye on YOU.

Contact Information

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722 Redemption Funding, Inc.
Office Hours: 8 AM - 7 PM Eastern, Monday through Friday
888.721.2800
www.722redemption.com

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