Local Rule 3012-1: Valuation of Security
Bankr. E.D. Wash. — General rule
Rule 3012-1 Valuation of Security
(a) Motion A motion to determine the value of a claim secured by a lien on property in which the estate has an interest may be by separate motion or may be included in an objection to the allowance of a claim made pursuant to LBR 3007-1.
(b) Service
(1) Service of the notice shall be made on twenty-one (21) days notice and hearing:
(A) To the master mailing list pursuant to LBR 2002-1; and
(B) To the trustee and any holder of a lien to be valued as required by FRBP 9014 and 7004.
(2) In the case of Chapter 13, notice need only be given as required by sub-section (b)(1)(B) of this rule.
(c) Content of Notice
(1) The notice of this motion shall contain the following information:
(A) A description of the property to be valued;
(B) The value placed on the property by the moving party;
(C) The names of all holders of liens in the property; and
(D) With respect to each holder;
(i) The amount placed on each holder=s interest by the moving party;
(ii) The priority in the property attributed to each holders=s interest by the moving party; and
(iii) Whether the holder=s interest is to be treated as fully secured, under-secured or unsecured.
Related Provisions FRBP 2002 Notice and Hearing FRBP 3012 Valuation and Security FRBP 7004 Service FRBP 9006 Time FRBP 9014 Contested Matters LBR 2082-1 Chapter 12 - General LBR 2083-1 Chapter 13 - General