11 Usc Definitions

• Category: Bankruptcy
• State: Multi-State
• Control #: US-03348BG
• Format: Word; Rich Text

Description

The document titled 'Motion to Avoid Creditor’s Lien Pursuant to 11 USC§ 522(F)(2)' is a legal form utilized in bankruptcy proceedings to request the avoidance of a judicial lien against the debtor's property. It establishes jurisdiction under federal law, specifically citing 28 U.S.C.A. § 1334(a) and § 157(b)(2)(K). The motion outlines key components of the bankruptcy code, particularly 11 USC § 522(f), which allows a debtor to claim exemptions above any liens on their property, thus offering critical protection for their assets. Each section of the form aids in clearly documenting the debtor's exemption entitlement, fair market value of the property, details of the lien, and calculations required to evaluate impairment. Attorneys, partners, and associates involved in bankruptcy cases can effectively use this form to streamline the process, ensuring compliance with legal requirements while protecting their client's interests. Paralegals and legal assistants benefit from the structured layout, making it easier to complete and file necessary information accurately. The form ultimately serves as a fundamental tool in managing debtors' rights and navigating the bankruptcy system.