Order Granting Motion For Valuation Of Collateral And Determination Of Secured Status
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Order Granting Motion For Valuation Of Collateral And Determination Of Secured Status Form. This is a Colorado form and can be use in Bankruptcy Court Federal.
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LOCAL BANKRUPTCY FORM 3012-1.1 . UNITED STATES BANKRUPTCY COURT DISTRICT OF In re Debtor Case No. Chapter . American LegalNet, Inc. www.FormsWorkFlow.com ORDER GRANTING MOTION FOR VALUATION OF COLLATERAL AND DETERMINATION OF SECURED STATUS THIS MATTER COMES BEFORE THE COURT on the Debtor's Motion for Valuation of Collateral and Determination of Secured Status Under 11 U.S.C. § 506 (the "Motion")(docket no. ____). IT IS HEREBY ORDERED: 1. 2. The Debtor's Motion is GRANTED. The lien held by on is valued at zero ($0) and is entirely unsecured for purposes of the debtor's plan. 3. The creditor will have an unsecured claim in either the amount of the debt as listed in the debtor's schedules or on any allowed proof of claim filed by the creditor (whichever is greater). 4. Upon successful completion of the debtor's plan, the debtor may request an order that the lien is extinguished. 5. If the bankruptcy case is dismissed or converted to a chapter 7, this Order shall be deemed vacated and the lien shall be reinstated and shall continue in full force and effect as specifically provided by 11 U.S.C. §§ 348(f)(1)(C) and 349(b)(1)(C). Dated:________________________ BY THE COURT: United States Bankruptcy Judge American LegalNet, Inc. www.FormsWorkFlow.com