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Motion Of (Movant) For Relief From Stay And Abandonment-Chapter 7 Form. This is a Ohio form and can be use in USBC Northern Federal.
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Tags: Motion Of (Movant) For Relief From Stay And Abandonment-Chapter 7, Ohio Federal, USBC Northern
UNITED STATES BANKRUPTCY COURT
NORTHERN DISTRICT OF OHIO
In re:
[NAME],
Debtor(s).
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Case No.
Chapter 7
Judge
MOTION OF FOR
RELIEF FROM STAY AND
ABANDONMENT
, (the "Movant") moves this Court, under §§ 361, 362, 363, 554 and other sections
of the Bankruptcy Reform Act of 1978, as amended (the "Bankruptcy Code") and under Rules 4001,
6007 and other rules of the Federal Rules of Bankruptcy Procedure (the "Bankruptcy Rules) for an
Order conditioning, modifying or dissolving the automatic stay imposed by § 362 of the Bankruptcy
Code and for abandonment of property under § 554 of the Bankruptcy Code. In support of this
Motion, the Movant states:
MEMORANDUM IN SUPPORT
1.
The Court has jurisdiction over this matter under 28 U.S.C. §§ 157 and 1334. This is a
core proceeding under 28 U.S.C. § 157(b)(2). The venue of this case and this Motion is proper
under 28 U.S.C. §§ 1408 and 1409.
2.
On , the Debtor(s) listed above (collectively, the "Debtor") obtained a loan from
Movant in the amount of . [if applicable] Such loan was evidenced by a dated (the "Note"), a copy of which is attached as Exhibit A.
3.
To secure payment of the Note and performance of the other terms contained in it, the
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Debtor executed a dated (the "Security Agreement"). The
Security Agreement granted a lien on the real and/or personal property (the "Collateral") owned by
the Debtor, located at and more fully described in the Security Agreement.
4.
The lien created by the Security Agreement was duly perfected by the filing of in the office of the County Recorder
on . A copy of the
attached as Exhibit B.1
The lien is the lien on the Collateral.
5.
[if applicable] The Note and Security Agreement were transferred as follows:
on to . The transfer is evidenced [on Exhibits A and B] OR [by
the document attached to this Motion on Exhibit C].
on , to . The transfer is evidenced [on Exhibits A and B] OR
[by the document attached to this Motion on Exhibit C].
6.
The value of the Collateral is $________.
This valuation is based on
______________________.
7.
As of the date of this Motion, there is currently due and owing on the Note the
outstanding balance of , plus interest accruing thereon at the rate of per annum
[$_______ per day] from .
8.
Other parties known to have an interest in the Collateral are _____________________.
9.
The Movant is entitled to relief from the automatic stay under §§ 362(d)(1) and/or
362(d)(2) for these reason(s):
[Debtor has failed to provide adequate protection for the lien held by the Movant
for the reasons set forth below.]
[Debtor has failed to keep the Collateral insured as required by the Security
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[For an auto: The lien created by the Security Agreement was duly perfected by notation of such lien on
Certificate of Title of the vehicle comprising the Collateral.]
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Agreement.]
[Debtor has failed to maintain and keep current the real estate taxes owed on the
real property subject to the Security Agreement.]
[Debtor has failed to make periodic payments to Movant since the commencement
of this bankruptcy case, which unpaid payments are in the aggregate
amount of through .]
10.
Movant has completed the worksheet attached as Exhibit C.
11.
This Motion conforms to the standard form adopted in this District except as follows:
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WHEREFORE, Movant prays for an Order from the Court granting Movant relief from the
automatic stay of § 362 of the Bankruptcy Code to permit Movant to proceed under law and for
such other and further relief to which the Movant may be entitled.
Respectfully submitted,
_________________________________________
Attorney for Movant
CERTIFICATE OF SERVICE
I certify that on , copies of this Motion for Relief from the Automatic Stay
were
served by mailing the same by ordinary U.S. mail, postage prepaid, to the persons listed below:
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