Chapter 11 Disclosure Statement Liquidation Analysis Form; Motion To Avoid Lien

=== Chapter 11 Disclosure Statement Liquidation Analysis Form ===

Liquidation Analysis Asset Assumptions for Liquidation Value Liquidation Value Secured Claim(s) Net Value Deficiency Claim Total Total Value Available to Unsecured Claims*: $________________ Priority Unsecured Claim(s): (1) (2) (3) $__________ $__________ $__________ $(_______________) Total Value Available to Non-Priority Unsecured Claims*: $________________ Total Unsecured Non-Priority Unsecured Claims*: $________________ Estimated Dividend on Non-Priority Unsecured Claims* ________________% * Including Deficiency Claims.

=== Motion To Avoid Lien ===

UNITED STATES BANKRUPTCY COURT EASTERN DISTRICT OF CALIFORNIA In re: Debtor(s) MOTION TO AVOID LIEN PURSUANT TO 11 U.S.C. § 522(F)(2) Case No. xx-xxxxx Chapter xx [name of debtor(s)] , pursuant to 11 U.S.C. § 522(f) and Federal Rules of Bankruptcy Procedure 4003(d) and 9014, move for an order avoiding the [judicial lien(s) and/or nonpossessory, nonpurchase- money security interest] held by [name of respondent] on [description of property] (the “Property”). In support of this Motion, the Debtor(s) states the following. 1. 2. 3. 4. 5. This Court has jurisdiction in this matter pursuant to 28 U.S.C. § 1334(a). This matter is a core proceeding as provided by 28 U.S.C. § 157(b)(2)(K). The Debtor filed a voluntary petition under Chapter ___ of the Bankruptcy Code on [date] . The Debtor is entitled to an exemption in the Property in the amount of $ _______________, pursuant to [cite legal authority] . The Debtor’s Property has a fair market value of $ _______________. This valuation is based upon [describe basis for valuation (e.g. grand list, real estate appraisal, other source)] . The Property is subject to the following mortgages, judicial liens, and/or nonpossessory, nonpurchase-money security interests: [Note: Include the Respondent’s lien/interest in chart.] Type of lien/interest Holder of lien/interest Date lien/interest originated/arose Original amount of lien/interest Outstanding balance of lien/interest 6. Respondent’s interest in the Property is not a statutory lien. Page 1 of 2 7. Section 522(f)(2)(A) of the Bankruptcy Code provides: A lien shall be considered to impair an exemption to the extent that the sum of— (i) the lien; (ii) all other liens on the property; and (iii) the amount of the exemption that the debtor could claim if there were no liens on the property; exceeds the value that the debtor’s interest in the property would have in the absence of any liens. 11 U.S.C. § 522(f)(2)(A). Section 522(f)(2)(B) provides that “[i]n the case of a property subject to more than 1 lien, a lien that has been avoided shall not be considered in making the calculation under subparagraph (a) with respect to other liens.” 8. Following the formula set forth in § 522(f)(2)(A) for determining whether a lien impairs an exemption, the Debtor: + $ _________________ Adds the lien being tested for avoidance: Adds all other liens: + $ _________________ Adds the maximum exemption allowable in the absence of liens: + $ _________________ = $ _________________ Totaling: Then, from this total sum, Subtracts the value of the Property absent any liens: To determine the extent of the impairment: less $ _________________ = $ _________________. Since the extent of the impairment of the exemption, $ _______________, exceeds the entire value of Respondent’s lien, $ _______________, the entire lien is avoidable. — OR — Since the extent of the impairment on the exemption, $ _______________, is less than the entire value of the lien, $ _______________, the Respondent’s lien can be avoided only to the extent of the impairment of the exemption, $ _______________, and the balance of $ _______________ remains as a lien. 9. 9. THEREFORE, the Debtor(s) respectfully requests that this court enter an order (A) avoiding the [judicial lien(s) and/or nonpossessory, nonpurchase-money security interest(s)] held by [name of respondent] on the Property in the amount of $ _______________, and (B) granting such other relief as is fair and equitable. Dated at [location] this [day] of [month] [year]. Page 2 of 2 Respectfully submitted, [name of debtor] By: _______________ (signature of movant/attorney) [Provide name, address, e-mail address, phone number, and fax number of Mo- vant/Attorney]