Order Permitting The Sale Of Real Estate (Judge Cox)
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Order Permitting The Sale Of Real Estate (Judge Cox) Form. This is a Illinois form and can be use in USBC Northern Federal.
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Tags: Order Permitting The Sale Of Real Estate (Judge Cox), Illinois Federal, USBC Northern
In re:
__________
IN THE UNITED STATES BANKRUPTCY COURT
FOR THE NORTHERN DISTRICT OF ILLINOIS
EASTERN DIVISION
)
)
Chapter 13
)
________,
)
__ B ______
)
)
Debtor.
)
Hon. Jacqueline P. Cox
ORDER PERMITTING THE SALE OF REAL ESTATE
Having read the motion for permission to sell real estate, heard the arguments of counsel, and
found that due notice has been provided, the Court hereby orders as follows:
1.
The Debtor is authorized to sell real estate located at ________________________.
2.
The Debtor shall forward a copy of the RESPA settlement statement to the Chapter 13 Trustee in
this case within 3 days after the closing.
3.
At the closing proceeds of the transaction shall be used to pay off all existing mortgages and other
liens against the Debtor’s real estate plus usual and customary closing costs and fees of the Debtor.
4.
Except for the homestead exemption amount of $ _____________, the balance remaining after
payment of the amounts listed in paragraph 3 shall be forwarded to the Chapter 13 Trustee Tom Vaughn,
who must allocate that balance between creditors and the Debtor in the manner described in the Debtor’s
confirmed Chapter 13 plan or modification thereof.
5.
Parties presently within the personal jurisdiction of the Bankruptcy Court may be subject to civil-
contempt remedies for violation of this order. If other entities, including the lender, title company, or
other escrow-account holder, do not comply with this order, they may be subject to a suit to avoid and
recover unauthorized postpetition transfers pursuant to 11 U.S.C. §§ 549 & 550.
Date:
____________
ENTERED:
______________________________
Jacqueline P. Cox
United States Bankruptcy Judge
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