Order Determining Value Of Collateral (Judge Cox)
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Order Determining Value Of Collateral (Judge Cox) Form. This is a Illinois form and can be use in USBC Northern Federal.
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Tags: Order Determining Value Of Collateral (Judge Cox), Illinois Federal, USBC Northern
UNITED STATES BANKRUPTCY COURT NORTHERN DISTRICT OF ILLINOIS EASTERN DIVISION In re: ) ) ) ) ) Case No. Judge Jacqueline P. Cox Debtor. ORDER DETERMINING VALUE OF COLLATERAL This cause coming before the court on the Debtor's Motion to Determine Valuation of Collateral, all parties having been given notice thereof, and the Court being duly advised, IT IS HEREBY ORDERED BY THE COURT that: 1. That a first mortgage lien is held by ________________________ on the property commonly known as ________________________________, in the secured amount of $________________. That ____________________ holds a second mortgage lien on the property commonly known as ___________________________ in the secured amount of $_____________. The Debtor's real estate, commonly known as ____________________________, PIN __________________________, in Cook County, Illinois, is valued at $__________________. That the Court finds that ___________________________ claim has no collateral value. _________________________ shall retain its junior lien on Debtor's real property until the earlier of: a) the payment of the underlying debt determined under non-bankruptcy law; or b) discharge under § 1328. The junior lien shall be paid under the Plan as a general unsecured claim pursuant to 11 U.S.C. § 506(a). This order shall identify the real estate's PIN number. 2. 3. 4. 5. 6. 7. Dated: ENTERED: _____________________________ Jacqueline P. Cox United States Bankruptcy Judge American LegalNet, Inc. www.FormsWorkFlow.com
