UNITED STATES BANKRUPTCY COURT DISTRICT OF OREGON In re ) ) ) ) ) ) ) ) ) Debtor(s) Case No.________________ NOTICE OF INTENT TO Sell Real or Personal Property, Compensate Real Estate Broker, and/or Pay any Secured Creditor’s Fees and Costs; Motion for Authority to Sell Property Free and Clear of Liens; and Notice of Hearing [Note: Do not use to sell personally identifiable information about individuals!] NOTICE IS GIVEN THAT ________________________________________________________________________, the ________________________________ (i.e., debtor, trustee, etc.), intends to sell the property described below and moves for authority to sell said property free and clear of liens pursuant to 11 USC §363(f). The movant's name, address, and telephone # are: ____________________________________________________________________________________ __________________________________________________________________________________________________. If you wish to object to any aspect of the sale or fees disclosed in ¶7 or ¶15 you must both: (1) attend the hearing set in ¶16 below and, (2) within 23 days of the later of either (a) the date next to the signature below; or (b) the date in any "Clerk” stamp above, file with the Clerk of Court (i.e., if the 5-digit portion of the Case No. begins with "3" or "4", at 1001 SW 5th Ave. #700, Portland OR 97204; or if it begins with "6" or "7", at 405 E 8th Ave #2600, Eugene OR 97401) both: (a) a written response stating the specific facts upon which the objection is based, and (b) proof that a copy of the response was served on the movant. This document shall constitute the notice required by LBR 2002-1. (COMPLETE ALL SECTIONS.) 1. The specific subsections of 11 USC §363(f) movant relies upon for authority to sell the property free and clear of liens are: 2. Buyer's Name & Relation to Debtor: 3. General description of the property (NOTE: If real property, state street address here. Also attach legal description as an Exhibit to the original filed with the court): 4. A copy of the full property description or inventory may be examined or obtained at: 5. The property may be previewed at (include time and place): 6. Other parties to the transaction and their relationship to the debtor are: 7. Gross sales price: $________________. All liens on the property total: $________________, of which Movant believes a total of $________________ need not be paid as secured claims (because the lien is invalid, avoidable, etc., the lienholder consents to less than full payment, or part or all of the underlying debt is not allowable). Secured creditor(s) also seek(s) reimbursement of $________________ for fees and costs. Total sales costs will be: $________________. All tax consequences have been considered and it presently appears the sale will result in net proceeds to the estate after payment of valid liens, fees, costs and taxes of approximately: $________________. 8. The sale is is not (MARK ONE) of substantially all of the debtor's assets. Terms and conditions of sale: 9. Competing bids must be submitted to the movant no later than (date) __________, and must exceed the above offer by at least ________________________ (and be on the same or more favorable terms to the estate). 760.5 (12/1/09) Page 1 of 2 American LegalNet, Inc. www.FormsWorkFlow.com 10. Summary of all available information regarding valuation, including any independent appraisals: 11. If ¶7 indicates little or no equity for the estate, the reason for the sale is: and expenses and taxes resulting from the sale will be paid as follows: 12. (Ch. 11 cases only) The reason for proposing the sale in advance of approval of a plan of reorganization is: 13. The following information relates to lien holders (who are listed in PRIORITY order): Name Service Address (See FRBP 7004) Indicate Treatment at Approximate Closing (i.e., Fully Pd., Lien Amount Partially Pd., or Not Pd.) 14. Any liens not fully paid at closing shall attach to the sale proceeds in the same order of priority they attach to the property. Any proceeds remaining after paying liens, expenses, taxes, commissions, fees, costs or other charges as provided in this motion, shall be held in trust until the court orders payment. 15. [If real property] The court appointed real estate broker, ________________________________________________, will be paid ________________________________________________________________________________________. 16. A HEARING ON THIS MOTION AND ANY OBJECTIONS TO THE SALE AND/OR FEES WILL BE HELD ON __________ AT __________ IN _____________________________________________________________________ ____________________________________________________ and testimony will be received if offered and admissible. 17. [Unless movant is a Ch. 7 trustee] I certify that on _________ a copy of this document was served, pursuant to FRBP 7004, on the debtor(s), trustee, if any, U.S. Trustee, each named lien holder at the address listed above, Creditors' Committee Chairperson, if any, and their respective attorneys; and that a copy was also served that date, pursuant to FRBP 2002(a), on all creditors and parties requesting special notice as listed in the Court’s records that were obtained on _________, a copy of which is attached to the original document filed with the Bankruptcy Court. 18. FOR FURTHER INFORMATION CONTACT: __________________________________________________________ __________________________________________________________________________________________________. DATE: __________ 760.5 (12/1/09) Page 2 of 2 _________________________________________________________________ Signature & Relation to Movant _________________________________________________________________ (If debtor is movant) Debtor’s Address & Taxpayer ID#(s) (last 4 digits) American LegalNet, Inc. www.FormsWorkFlow.com