Request for valuation of security, payment of fully secured claims, and modification of
U.S. Bankruptcy Court for the Western District of North Carolina
U.S. Bankruptcy Court for the Western District of North Carolina
undersecured claims. Check one. ☐ None. If “None” is checked, the rest of Part 3.2 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 Debtor requests that the court determine the value of the secured claims listed below.
For each non- governmental secured claim listed below, the Debtor states that the value of the secured claim should be as set out in the column headed Amount of secured claim. For each listed claim, the value of the secured claim will be paid in full with interest at the rate stated below. For secured claims of governmental units, unless otherwise ordered by the court, the value of a secured claim listed in a proof of claim filed in accordance with the Bankruptcy Rules controls over any contrary amount listed below. The portion of any allowed claim that exceeds the amount of the secured claim will be treated as an unsecured claim under Part 5 of this plan.
If the amount of a creditor’s secured claim is listed below as having no value, the creditor’s allowed claim will be treated in its entirety as an unsecured claim under Part 5 of this plan. Unless otherwise ordered by the court, the amount of the creditor’s total claim listed on the proof of claim shall be presumed to control over any contrary amounts listed in this part. 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) 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 released by the creditor. Name of creditor Estimated amount of creditor’s total claim Collateral Value of collateral Amount of claims senior to creditor’s claim Amount of secured claim $ $ $ $ $ $ $ Disbursed by: ☐Trustee ☐Debtor ☐Other ___________ $ Disbursed by: ☐Trustee ☐Debtor ☐Other ___________ Interest rate % % Please explain any disbursements to be made by someone other than the Chapter 13 trustee or the Debtor: Insert additional claims as needed.
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