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Case 1145190 Doc 540 Filed 06/19/12 Entered 06/19/12 10:38:55 Document Page 1 of 30 Disc Main UNITED STATES BANKRUPTCY COURT DISTRICT OF MINNESOTA In re: Lyman Holding Company, et al., Chapter 11
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How to fill out debtors39 motion to sell
How to fill out a debtor's motion to sell:
01
Start by reading the instructions provided with the motion to sell form. It will guide you on the specific details and requirements for filling out the form.
02
Begin by filling in your personal information, including your name, address, and contact details.
03
Provide the court information, including the case number and the court where the case is being heard.
04
Clearly state the reasons for filing the motion to sell. This could include financial hardship or the need to liquidate assets to pay off debts.
05
Include a detailed description of the property you intend to sell. Provide information such as the address, type of property, and any outstanding loans or liens on the property.
06
Specify the proposed sale price and any anticipated expenses or costs related to the sale, such as real estate agent fees or closing costs.
07
Outline how the sale proceeds will be used. Explain how the funds will be distributed, including any payments to creditors or the repayment of specific debts.
08
Attach any supporting documentation that may be required, such as property appraisals, financial statements, or recent mortgage statements.
09
Sign and date the motion to sell form and make copies for your records.
10
Submit the completed motion to sell form to the appropriate court, following any additional filing requirements or procedures.
Who needs a debtor's motion to sell?
01
Individuals or businesses with outstanding debts and assets that they wish to liquidate.
02
Those facing financial hardship and seeking permission from the court to sell assets in order to repay debts.
03
Debtors who need court approval to sell specific properties due to liens or other legal restrictions.
04
Individuals or businesses involved in bankruptcy or foreclosure proceedings, seeking permission to sell assets as part of the legal process.
05
Debtors who have obtained the necessary approvals and permissions to sell assets but need to provide a formal motion to the court for record-keeping purposes.
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