Oregon Chapter 12 Plan-Motion To Value Collateral And Secured Claim Amount (For Cases Filed On Or After 10-17-05) is a legal document used by debtors in Chapter 12 bankruptcy cases. This motion is used to assign a value to collateral and secured claim amount in order to determine the amount of repayment that must be made to creditors. This motion also states how the debtor will make payment to the creditors. It is important to note that this motion is only applicable to cases filed on or after October 17th, 2005. The Oregon Chapter 12 Plan-Motion To Value Collateral And Secured Claim Amount (For Cases Filed On Or After 10-17-05) consists of four parts: 1. Motion to Value Collateral: This part of the motion is used to determine the value of the collateral, such as real property or personal property, that the debtor has pledged as security for the loan. The value of the collateral is determined according to the fair market value or the replacement cost, whichever is lower. 2. Motion to Value Secured Claim Amount: This part of the motion is used to determine the amount of the debtor's secured debt. The secured debt is the amount of the loan that is secured by the collateral the debtor has pledged. This amount must be determined in order to determine the amount of repayment that must be made to the creditor. 3. Motion for Payment of Secured Claim Amount: This part of the motion sets forth the amount of the loan repayment that the debtor must make to the creditor, as well as the payment schedule. 4. Motion for Payment of Unsecured Claim Amount: This part of the motion sets forth the amount of unsecured debt repayment that the debtor must make to the creditor. Unsecured debt is debt that is not secured by any collateral.
Oregon Chapter 12 Plan-Motion To Value Collateral And Secured Claim Amount (For Cases Filed On Or After 10-17-05) is a legal document used by debtors in Chapter 12 bankruptcy cases. This motion is used to assign a value to collateral and secured claim amount in order to determine the amount of repayment that must be made to creditors. This motion also states how the debtor will make payment to the creditors. It is important to note that this motion is only applicable to cases filed on or after October 17th, 2005. The Oregon Chapter 12 Plan-Motion To Value Collateral And Secured Claim Amount (For Cases Filed On Or After 10-17-05) consists of four parts: 1. Motion to Value Collateral: This part of the motion is used to determine the value of the collateral, such as real property or personal property, that the debtor has pledged as security for the loan. The value of the collateral is determined according to the fair market value or the replacement cost, whichever is lower. 2. Motion to Value Secured Claim Amount: This part of the motion is used to determine the amount of the debtor's secured debt. The secured debt is the amount of the loan that is secured by the collateral the debtor has pledged. This amount must be determined in order to determine the amount of repayment that must be made to the creditor. 3. Motion for Payment of Secured Claim Amount: This part of the motion sets forth the amount of the loan repayment that the debtor must make to the creditor, as well as the payment schedule. 4. Motion for Payment of Unsecured Claim Amount: This part of the motion sets forth the amount of unsecured debt repayment that the debtor must make to the creditor. Unsecured debt is debt that is not secured by any collateral.
