Lien avoidance.
U.S. Bankruptcy Court for the Western District of North Carolina
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Check one. ☐ None. If “None” is checked, the rest of Part 3.4 need not be completed or reproduced. The remainder of this part will be effective only if the applicable box in Part 1 of this plan is checked. ☐ The judicial liens or nonpossessory, nonpurchase money security interests securing the claims listed below impair exemptions to which the Debtor would have been entitled under 11 U.S.C § 522(b). Unless otherwise ordered by the court, a judicial lien or security interest securing a claim listed below will be treated as avoided to the extent that it impairs such exemptions upon entry of the order confirming the plan and avoided pursuant to 11 U.S.C. § 522(f) upon completion of the plan.
The amount of the judicial lien or security interest that is avoided will be treated as an unsecured claim in Part 5 of this plan to the extent allowed. The amount, if any, of the judicial lien or security that is not avoided will be paid in full as a secured claim under the plan and disbursed by the Chapter 13 trustee, directly by the Debtor, or as otherwise specified below. If more than one lien is to be avoided, provide the information separately for each lien. The holder of any claim listed below as having value in the column headed Amount of secured claim will retain the lien on the property interest of the Debtor or the estate until the earlier of: (a) (b) released by the creditor.
Payment of the underlying debt determined under nonbankruptcy law, or Discharge of the underlying debt under 11 U.S.C. § 1328, at which time the lien will terminate and be Name of creditor Collateral Lien identification (such as judgment date, date of lien recording, book and page number) Amount of secured claim remaining after avoidance $ Disbursed by: ☐Trustee Interest rate % ☐Debtor ☐Other _______________ $ Disbursed by: ☐Trustee ☐Debtor ☐Other _______________ % Please explain any disbursements to be made by someone other than the Chapter 13 trustee or the Debtor: Insert additional claims as needed.