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Kanahara is employed by Cross- Bar Packing Corp. and earns take-home pay of $400

ID: 456947 • Letter: K

Question

Kanahara is employed by Cross- Bar Packing Corp. and earns take-home pay of $400 per week. He is $2,000 in debt to Holiday Department Store for goods purchased on credit over the past eight months. Most of this property is nonexempt and is located in Kanahara’s apartment. Kanahara is in default on his pay-ments to Holiday. Holiday learns that Kanahara has a girl-friend in another state and that he plans on giving her most of this property for Christmas. Discuss what actions should be taken by Holiday to collect the debt owed by Kanahara.

Explanation / Answer

Holiday Department store can take following:-

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