United States of America v. Farshad S. Torbati

Filing 29

CONSENT JUDGMENT by Judge George H. Wu: Upon Stipulation 28 , IT IS ORDERED, ADJUDGED, AND DECREED that the United States of America shall have judgment against Defendant Farshad S. Torbati, DDS as follows: As a result of a defaulted student loan, D efendant shall pay to the United States the principal sum of $271,061.84, together with interest accrued to 4/24/2013, of $301.69, for a total amount of $271,363.53, and interest accruing at the legal rate from and after the date of ju dgment until satisfied. Defendant shall pay the Judgment in monthly installments of $1,000.00 on the first day of each month commencing on or before 5/1/2015, until the Judgment is paid in full. Each party to this Action shall bear its own costs. ( MD JS-6. Case Terminated ) (gk)

JS-6
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STEPHANIE YONEKURA
Acting United States Attorney
LEON W. WEIDMAN
Assistant United States Attorney
Chief, Civil Division
ZORAN J. SEGINA
Assistant United States Attorney
California Bar Number 129676
Federal Building, Suite 7516AA
300 North Los Angeles Street
Los Angeles, California 90012
Telephone: [phone]
Facsimile: [phone]
E-mail: [e-mail]
Attorneys for Plaintiff
United States of America

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UNITED STATES DISTRICT COURT

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CENTRAL DISTRICT OF CALIFORNIA

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UNITED STATES OF AMERICA,

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Plaintiff,

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v.

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FARSHAD S. TORBATI, DDS,
Defendant.

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Case No. CV 14-0829-GW(AGRx)
CONSENT JUDGMENT

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THE COURT, having reviewed the Stipulation for Entry of

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Consent Judgment between the United States of America on behalf

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of its agency, the Department of Health and Human Services, and

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Farshad S. Torbati, DDS, defendant herein (“Defendant”), and it

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appearing that the United States of America is entitled to entry

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of a judgment against Defendant, and good cause existing

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therefor;

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IT IS ORDERED, ADJUDGED, AND DECREED that the United States
of America shall have judgment against Defendant Farshad S.
Torbati, DDS as follows:
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As a result of a defaulted student loan, Defendant

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shall pay to the United States the principal sum of $271,061.84,

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together with interest accrued to April 24, 2013, of $301.69,

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for a total amount of $271,363.53, and interest accruing at the

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legal rate from and after the date of judgment until satisfied.

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2.

The United States will record judgment liens with all

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County Recorders wherein Defendant resides or owns real

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property; however, as long as Defendant makes payments as set

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forth herein, the United States will otherwise take no action to

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enforce this Judgment.

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3.

Defendant shall pay the Judgment in monthly

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installments of One Thousand Dollars ($1,000.00) on the first

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day of each month commencing on or before May 1, 2015, until the

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Judgment is paid in full.

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4.

Defendant shall keep the attorneys for the United

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States informed in writing of any material change in his

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financial situation or ability to pay, and of any change in his

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employment, place of residence, or telephone number.
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5.

The monthly $1,000.00 payment rate will be reevaluated

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in twelve (12) months and may be modified, as necessary, to take

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into account the changed economic circumstances of Defendant.

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For purpose of evaluation and possible modification, Defendant

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shall provide United States with a Financial Statement (Form OBD

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500), and a copy of his Federal Income Tax returns including all

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attachments, two (2) months prior to the first anniversary of

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the Judgment, and at the same time each year thereafter, until

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the Judgment is satisfied.

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6.

Should Defendant become delinquent, after notice to

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cure and a reasonable opportunity to cure, in making any payment

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due hereunder, United States shall have the right to enforce the

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Consent Judgment for the remaining balance then due, after

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giving credit for any payments made.

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7.

If the Defendant pays to the United States the sum of

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Two Hundred and Seventy-One Thousand, Three Hundred and Sixty-

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Three Dollars and Fifty-Three cents ($271,363.53) plus accrued

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interest on this sum as provided by law, the United States of

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America will deem the Judgment satisfied, and will provide to

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Defendant a Release of Lien(s) Under Abstract of Judgment for

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recording with the applicable County Recorder(s).

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IT IS SO ORDERED.

Each party to this Action shall bear its own costs.

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DATED: March 26, 2015

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_________________________________
GEORGE H. WU, U.S. DISTRICT JUDGE

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SUBMITTED BY:

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STEPHANIE YONEKURA
Acting United States Attorney
LEON W. WEIDMAN
Assistant United States Attorney
Chief, Civil Division
ZORAN J. SEGINA
Assistant United States Attorney

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/s/ Zoran J. Segina
ZORAN J. SEGINA
Assistant United States Attorney
Attorneys for Plaintiff
United States of America

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