Request for Valuation of Security, Payment of Fully Secured Claims, and Modification of Undersecured

U.S. Bankruptcy Court for the Eastern District of Tennessee

Rule Set: Local Bankruptcy Rules of the U.S. Bankruptcy Court for the Eastern District of Tennessee

Rule: 3.2

Jurisdiction: EDTNB

Bluebook Citation: Bankr. E.D. Tenn. R. 3.2

All Rules: Bankr. E.D. Tenn. Local Bankruptcy Rules, complete index


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Claims (Complete if applicable and check “Yes” in Section 1.1. The following provisions will be effective only if there is a check in the “Yes” box in Section 1.1.) For each creditor listed in this section, the “Secured Amount” was calculated by valuing the creditor’s collateral and subtracting superior liens. For nongovernmental creditors, the debtor(s) request that the Secured Amount be the determinative amount of the creditor’s secured claim under Federal Rule of Bankruptcy Procedure 3012 and 11 U.S.C. § 506(a). For governmental creditors, the listed Secured Amount is an estimate with no binding effect; rather, the amount of the governmental creditor’s secured claim under Federal Rule of Bankruptcy Procedure 3012 and 11 U.S.C. § 506(a) will be determined by the amount the creditor states in response to Question No. 9 on its proof of claim for “Amount of the claim that is secured” unless otherwise ordered by the court under Federal Rule of Bankruptcy Procedure 3012(c).

If the Secured Amount is greater than the creditor’s total claim, the total allowed claim will be paid in full with interest at the rate stated below. If the Secured Amount is less than the creditor’s total claim, only the allowed Secured Amount will be paid in full with interest at the rate stated below. Any portion of the creditor’s total allowed claim that exceeds the Secured Amount will be treated as an unsecured claim under Section 5.1 of this plan. If the Secured Amount is listed as “Zero” or “None,” the creditor’s allowed claim will be treated entirely as an unsecured claim under Section 5.1 of this plan.

Monthly payments will be disbursed by the trustee unless “Yes” is listed under “Direct Pay by Debtor(s)?” Each creditor listed below will retain its lien on the property interest of the debtor(s) or the estate(s) until the earlier of: (a) payment of the underlying debt determined under nonbankruptcy law, or (b) discharge of the underlying debt under 11 U.S.C. § 1328, at which time the lien will terminate and be released by the creditor. Name of Creditor Collateral Description Secured Amount Interest Rate Monthly Payment Direct Pay by Debtor(s)? Enter Information

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