Order Granting Motion To Value Collateral And To Avoid Security Interest (Ch 13) {LBF L}

Local Bankruptcy Form L IN THE UNITED STATES BANKRUPTCY COURT FOR THE DISTRICT OF MARYLAND at IN RE: Debtor Movant vs. Res p ondent * * * * * * Case No: Chapter 13 ORDER GRANTING MOTION TO VALUE COLLATERAL AND TO AVOID SECURITY INTEREST Having considered Debtor's motion, and any response filed thereto, and it appearing that proper notice has been given, pursuant to 11 U.S.C. 247 506, it is by the United States Bankruptcy Court for the District of Maryland, ORDERED, that the value of the collateral securing Respondent's claim is $; and it is further, ORDERED, that at such time as a discharge Order is entered pursuant to 11 U.S.C. 2471328 or the Debtor completes performance of the Debtor222s confirmed Chapter 13 plan in this case, the lien held in favor of Respondent on the Debtor's interest in the property described as: , is avoided to the extent of the Respondent's unsecured claim; and it is further, ORDERED, that if the Respondent has filed or timely files a proof of claim, the claim of the Respondent be and hereby is allowed for purposes of distributions under the Debtor's plan as a secured claim in an amount not to exceed the value of the Respondent's collateral and as a general unsecured claim for the balance; and it is further, American LegalNet, Inc. www.FormsWorkFlow.com Local Bankruptcy Form L Page 2 ORDERED, that allowance of the claim of the Respondent pursuant to this order is without prejudice to objection to such claim on other grounds. cc: Trustee Debtor Name and Address Debtor222s Attorney Respondent Name and Address U.S. Trustee End of Order NOTE: Local Bankruptcy Rule 3012-2 requires a motion in a Chapter 13 case to value collateral or avoid security interest in personal property or in real property that is not a debtor's principal residence to be filed with a proposed order conforming to this Local Bankruptcy Form L. The movant may revise the form to make the grammar appropriate for joint cases. American LegalNet, Inc. www.FormsWorkFlow.com