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Motion To Strip Off A Junior Lien Form. This is a Kentucky form and can be use in Bankruptcy Court Federal.
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Tags: Motion To Strip Off A Junior Lien, LBR-M, Kentucky Federal, Bankruptcy Court
UNITED STATES BANKRUPTCY COURT
FOR THE
WESTERN DISTRICT OF KENTUCKY
IN RE:
)
)
)
)
)
Debtor(s)
)
_______________________________________)
CASE NO.
MOTION TO STRIP OFF A JUNIOR LIEN
Debtor(s), by counsel, hereby moves the Court to strip off the lien of creditor,
_________________________, on the following described property:
{Insert physical property address and legal description}
______________________________________________________________________________
______________________________________________________________________________
Debtor(s) intends to strip off creditor, _________________________, lien and to treat said
creditor’s claim as unsecured. Debtor(s) states that the basis for the lien stripping is lack of equity in the
encumbered property and in support of said Motion submits the following information:
1.The amount of the claim which the lien secures is $
.
2.The above mentioned lien is a
lien.
3.Debtor submits the following information on the value of the property:
A). Fair Market Value: $
.
B). Value listed in Schedules: $
.
C). Value according to records of County Property Valuation Administration:
$
.
D). Purchase Price: $
.
E). Date of Purchase:
.
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F). Appraised Value (if recently appraised): $
.
G).
Senior mortgages or liens on the property and their amount:
__________________________________________________________________
__________________________________________________.
4. The trustee has/has not abandoned the property.
5. The debtor(s) does/does not claim an exemption of $
in said property.
6. The lien held by the creditor impairs the exemption of the debtor in the property described in the
Motion.
WHEREFORE, the debtor moves the Court to order the lien stripped off, the claim treated as
unsecured, and for such other relief as may be entitled.
__________________________________
Attorney for Debtor(s)
__________________________________
Address
__________________________________
__________________________________
Phone No.
CERTIFICATE OF SERVICE
I certify that a copy of this Motion was served upon,
this
day of
, 20
.
___________________________________
Attorney for Debtor(s)
LBR-M (09-04)
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