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Motion To Strip Off A Junior Lien LBR-M - Kentucky
| Motion To Strip Off A Junior Lien Form. This is a Kentucky form and can be used in Western District Bankruptcy Court Federal . |
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UNITED STATES BANKRUPTCY COURT FOR THE WESTERN DISTRICT OF KENTUCKY IN RE: ) ) ) ) ) Debtor(s) ) _______________________________________) CASE NO. MOTION TO STRIP OFF A JUNIOR LIEN Debtor(s), by counsel, hereby moves the Court to strip off and avoid the lien of creditor, , on the following described property: Debtor(s) intends to strip off creditor, , lien and to treat said creditor's claim as unsecured. Debtor(s) states that the basis for the lien stripping is lack of equity in the encum bered property and in support of said Motion submits the following information: 1.The amount of the claim which the lien secures is $ 2.The above mentioned lien is a lien. 3.Debtor submits the following information on the value of the property: A). Fair Market Value: $ B). Value listed in Schedules: $ Local Form M American LegalNet, Inc. www.FormsWorkFlow.com C). Value according to records of County Property Valuation Administration: $ D). Purchase Price: $ E). Date of Purchase: F). Appraised Value (if recently appraised): $ G). Senior mortgages or liens on the property and their amount: 4. The trustee has not abandoned the property. in said property. 5. The debtor(s) does/does not claim an exemption of $ 6. The lien held by the creditor impairs the exemption of the debtor in the property described in the motion. WHEREFORE, the debtor moves the Court to order the lien stripped off, avoided, the claim treated as unsecured, and for such other relief as may be entitled. *Any Motion to Strip Off a Junior Lien filed after the entry of an Order of Confirmation MUST provide information in both the Motion and proposed Order as to how the plan and entered Order of Confirmation will be modified if the creditor's lien is stripped off and the claim thereafter treated as unsecured. Attorney for Debtor(s) Address Phone Number Local Form M American LegalNet, Inc. www.FormsWorkFlow.com CERTIFICATE OF SERVICE I certify that a copy of this Motion was served upon, this day of , 20 . Attorney for Debtor(s) Local Form M American LegalNet, Inc. www.FormsWorkFlow.com
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