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Order Granting Debtors Motion To Value Real Property CSD 1171.2 - California
| Order Granting Debtors Motion To Value Real Property Form. This is a California form and can be used in General USBC Southern Federal . |
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CSD 1171.2 [04/06/11] Name, Address, Telephone No. & I.D. No. UNITED STATES BANKRUPTCY COURT SOUTHERN DISTRICT OF CALIFORNIA 325 West "F" Street, San Diego, California 92101-6991 In Re BANKRUPTCY NO. Date of Hearing: Time of Hearing: Name of Judge: Debtor. ORDER GRANTING DEBTOR'S MOTION TO VALUE REAL PROPERTY, TREAT CLAIM AS UNSECURED AND AVOID JUNIOR LIEN OF (Affected Lien Holder) IT IS ORDERED THAT the relief sought as set forth on the continuation pages attached and numbered two (2) through // // // // // // DATED: Judge, United States Bankruptcy Court with exhibits, if any, for a total of pages, is granted. Motion/Application Docket Entry No. CSD 1171.2 American LegalNet, Inc. www.FormsWorkFlow.com CSD 1171.2 [04/06/11](Page 2) ORDER GRANTING DEBTOR'S MOTION TO VALUE REAL PROPERTY, TREAT CLAIM AS UNSECURED AND AVOID JUNIOR LIEN OF DEBTOR: CASE NO: The Motion was filed in connection with confirmation of the Debtor's Chapter 13 Plan dated ("Plan"), to value and avoid the junior deed of trust, mortgage or other encumbrance of ("Affected Lien Holder"), recorded on as instrument number in the official records of ("Affected Lien") encumbering the real property commonly known as: , and more fully described as (Insert legal description or attach exhibit) ("Property"). Associated Claim: The Affected Lien Holder filed a proof of claim on is associated with the Affected Lien ("Claim"); or As of the date of this Order, Affected Lien Holder has not filed a proof of claim associated with the Affected Lien. assigned Claim No. , which The Court having reviewed the Motion and supporting documents, finds that: 1. Service of the Motion on the Affected Lien Holder appears to comply with Fed. R. Bankr. P. 7004 because it was accomplished as follows: By certified mail addressed to a specifically named officer of the Affected Lien Holder under Rule 7004(h); Upon an individual under Rule 7004(b)(1); Upon a domestic or foreign corporation or upon a partnership or other unincorporated association under Rule 7004(b)(3); Other: 2. The Motion was: Unopposed Opposed Settled by Stipulation 3. The Property is valued at no more than $ ; 4. The total balance owing on the deeds of trust, mortgages or other liens encumbering the Property which are senior in priority to the Affected Lien is $ CSD 1171.2 , which exceeds the value of the Property and the American LegalNet, Inc. www.FormsWorkFlow.com CSD 1171.2 [04/06/11](Page 3) ORDER GRANTING DEBTOR'S MOTION TO VALUE REAL PROPERTY, TREAT CLAIM AS UNSECURED AND AVOID JUNIOR LIEN OF DEBTOR: CASE NO: Affected Lien is wholly unsecured. Therefore, the Claim may be satisfied through the Plan as an unsecured claim pursuant to 11 U.S.C. ยงยง 506(a) and 1322(b)(2); IT IS ORDERED THAT: 1. The Claim will be paid pursuant to the Plan as a non-priority general unsecured claim to the extent allowed. If Affected Lien Holder has not filed a proof of claim, and the deadline to file unsecured claims has expired, Affected Lien Holder has an extension of the deadline until 60 days after the date of entry of this Order; 2. Upon completion of payments under the confirmed Plan and entry of the resulting discharge, the Affected Lien will be deemed fully satisfied, and Affected Lienholder is required to reconvey and release the Affected Lien. If the Affected Lien Holder fails to release the Affected Lien within the time required by applicable state law, the Debtor may file a motion requesting an order to extinguish the Affected Lien; 3. If this case is dismissed or converted to Chapter 7, the Affected Lien Holder shall retain its lien for the full amount due under the corresponding note; 4. That Debtor's counsel is authorized to add, in connection with Plan Confirmation, the guideline fee as reflected in the Rights and Responsibilities Statement for motions of this type and costs subject to proof. This determination is without prejudice to Debtor's counsel's right to seek additional fees through fee application. 5. Additional provisions: CSD 1171.2 American LegalNet, Inc. www.FormsWorkFlow.com
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