Motion To Avoid Security Interest

MOTION TO AVOID SECURITY INTEREST. This form is used by a debtor in a bankruptcy case to request that the court avoid, either partially or entirely, a nonpossessory, nonpurchase-money security interest held by a creditor that impairs the debtor’s right to claim exemptions under federal and state law. Specifically, it is filed under 11 U.S.C. § 522(f) and the Federal Rules of Bankruptcy Procedure. The motion provides details about the debtor, the property affected, the amount and nature of the creditor’s security interest, and how the interest reduces or “impairs” the exemptions the debtor would otherwise be entitled to claim. By completing this form, the debtor asks the court to eliminate or reduce the creditor’s security interest to the extent necessary to protect the debtor’s exempt property, ensuring that the debtor retains the full value of assets legally protected in bankruptcy. www.FormsWorkflow.com