Get Instructions For Strip Lien Motions 1. File A Motion ... - Ganb Uscourts

Filing a motion to strip a lien can be a straightforward process if you understand the necessary steps. This guide will walk you through the instructions for completing the form, ensuring you provide all required information accurately.

Follow the steps to successfully complete your strip lien motion.

1. Click the ‘Get Form’ button to access the form and open it for editing.
2. Begin by identifying the debtor's real property. Enter the property’s street address, including the county and ZIP code, as this is critical information required to proceed.
3. Next, provide the fair market value of the property and briefly explain how you arrived at that valuation.
4. Attach an appraisal report as Exhibit A to your motion. This document is essential for substantiating the value you claimed.
5. Identify the first lender by including their name, the total amount of their outstanding claim, and if they have filed a proof of claim. Make sure to fill in the claim number where indicated.
6. Identify the junior lender similarly to the first lender by providing their name, claim amount, and proof of claim status, again filling in the applicable claim number.
7. Prepare the proposed order and notice using the structure provided. Include Exhibit A with your submission as required.
8. Once the order and notice is entered, serve it to the debtor(s), junior lender, and chapter 13 trustee. Ensure service is compliant with applicable bankruptcy rules.
9. After serving the order and notice, monitor for objections. If no objections arise, the debtor's attorney should send a proposed order for approval.
10. Finally, users can save changes, download, print, or share the completed form as needed to complete the filing process.

Complete your documents online to streamline your filing process.