U.S. BANKRUPTCY COURT

_______________ DISTRICT OF _______________

In Re: : Case No. _____________________ 

Debtor (s) __________________________________ : Chapter 7 (Judge _______________________ ) 

Creditor (s : MOTION FOR AUTHORITY TO REDEEM 

Address ___________________________________ : PERSONAL PROPERTY AND APPROVAL 

___________________________________ OF ASSOCIATED FINANCING AND 

___________________________________ : ATTORNEY FEES UNDER 11 U.S.C. 722

Now come (s) the Debtor (s) by and through counsel, and moves the court pursuant to 11 U.S.C. 722 and 

Bankruptcy Rule 6008 for a Redemption Order on the following grounds: 

1. The item to be redeemed is tangible personal property intended primarily for personal, family or household use

is more particularly described as follows:

Year _________ Make ________________ Model____________________ 

VIN # __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ 

2. The interest of the Debtor (s) in such property is exempt or has been abandoned by the estate and the debt

(which is secured by said property to the extent of the allowed secured claim of the Creditor) is a dischargeable

consumer debt.

3. The allowed secured claim of said Creditor for purposes of redemption, the “redemption value”, should be

determined to be not more than $____________ as evidenced by the attached written appraisal.

4. Arrangements have been made by the Debtor (s) to pay to the said Creditor up to the aforesaid amount in a

lump sum should this motion be granted.

5. The payment for this proposed redemption is to be financed through Prizm Financial Co. LLC, with all of the

particulars of that financing (interest rate, finance charge, amount financed, total of payments, amount of

payments, etc.) set forth in full detail in the attachment(s) hereto. As demonstrated there, the monthly amount,

term of the payments and the overall amount of the repayment will be decreased significantly through the

proposed redemption. Moreover, the Debtor has agreed to borrow and disperse additional funds in the amount

of $__________, from their loan with Prizm Financial Co. LLC, for representation of the debtor(s) in securing 

for the benefit of the debtor(s) an order granting the debtor(s) the right to redeem under 11 U.S.C. 722 a certain 

motor vehicle, such compensation being in addition to that previously disclosed and being for services 

rendered beyond the scope of the legal services to have been rendered for such compensation heretofore 

disclosed.

WHEREFORE, the Debtor (s) request (s) the Court to order the said Creditor to accept from the Debtor (s) the 

lump sum payment of the redemption value and release their lien of record. In the event the said Creditor objects to 

this motion, the Debtor (s) requests the Court to determine the value of the property as of the time of the hearing on 

such objection. 

 __________________________________

Attorney for Debtor (s) 

NOTICE 

Notice is hereby given that unless an objection is made to this motion within 21 days following the date of service 

below, an order sustaining the motion may be granted by the Court. 

CERTIFICATE OF SERVICE 

I hereby certify that the foregoing has been served upon: the Creditor’s above noted, the U.S. Trustee, and the 

Chapter 7 Trustee by mailing a copy hereof by first class U.S. Mail on this _______ day of _________________, 

20_____. 

__________________________________

 Attorney for Debtor (s) 

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Document Page 1 of 5
Owner Name: Clement Wiredu Prepared As Of:

11/8/2019 12:00:00

AM

Vehicle Description: 2013 Toyota Avalon Sedan 4D XLE V6

Year Make Model

4T1BK1EB5DU068985 97,767 Gray

Serial Number (VIN) Mileage Plate Color

No Yes No Yes No Yes

Cruise Control Leather Interior Radio

Theft Deterrent Manual Automatic

Power Windows Heated Seats 4WD/AWD

Power Seats Air Conditioning 3

rd Row Seating

Power Door Locks Power Sunroof Rear Entertainment

Other Items:

Good Fair Poor Good Fair Poor

Grill Left Fender

Front Bumper Left Door

Hood Left Quarter Panel

Right Fender Interior

Right Door Engine

Right Quarter Panel Brakes

Lights Paint Finish

Rear Bumper Tires

Roof

Comments

Hood, grill, trunk, rear bumper, driver's side doors and quarter panel, passenger's side quarter

panel and fender are scratched. Both bumpers are dented. Interior needs cleaning and

reconditioning. Four (4) tires need to be replaced.

Valuation Report: Based on Edmunds

Value

Average Base Value: $9,874.00

Mileage Class: Average:

Add-ons/Deducts:

Scratches $450.00

Dents $150.00

Interior $500.00

Tires (4) $500.00

Appraised Value: $8,274.00

The above vehicle condition report was prepared for the purpose of making a secured loan on said collateral. By signing below, preparer of report

certifies that information regarding collateral was ascertained via visual inspection or provided and collected in good faith from owner or owner’s

representative. Information as to vehicle’s condition has been applied with due diligence in conjunction with current publications by an

experienced valuation specialist. No other representations, direct or indirect, material or immaterial, are made, assured or implied by this report of

any other member of 722 staff or management.

/s/ Dan Hatfield

Collateral Valuation Services, LLC

P O Box 8361, Cincinnati, Ohio 45208

(513) 284-8539

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U.S. BANKRUPTCY COURT

_______________ DISTRICT OF _______________ 

In Re: : Case No. ________________ 

Debtor (s) _________________________ : Chapter 7 (Judge ____________________ ) 

 : 

ORDER GRANTING REDEMPTION AND 

APPROVAL OF ASSOCIATED 

FINANCING AND ATTORNEY FEES. 

 : 

Upon the motion of the Debtor (s) and there having been no responsive filing or objection within the time 

required, the Court finds as follows: 

1. The tangible personal property described below is intended primarily for personal, family or

household use of the debtor (s):

Year ___________ Make ______________ Model ______________ 

VIN # __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ 

2. The debt owing the Creditor is a dischargeable consumer debt and the Debtor (s) interest in such

property is exempt or has been abandoned by the estate.

3. The value of the secured claim of the Creditor for redemption purposes, the “redemption amount” is

$______________ .

IT HEREBY ORDERED, 

1. That the Debtor (s) may redeem the subject property by paying to the Creditor on or before the thirtieth

(30th) day following entry of this Order the redemption amount.

2. Reasonable attorney fees and financing are approved under the terms and conditions set forth herein.

3. Upon timely receipt of such payment, the Creditor is ordered to cancel its lien of record and surrender

the certificate of title in accord with the Debtor instruction.

4. In the event of the failure of the Creditor to so cancel its lien within three (3) days after payment of the

aforesaid lump sum pursuant to the entry of this Order, then this Order shall serve as an authorization

for the said lien to be canceled, and it is Ordered that the applicable County Clerk’s Office shall cancel

same of record.

5. In the event of the failure of the Debtor (s) to pay the redemption amount within such time frame, the

automatic stay shall immediately terminate.

SO ORDERED this ________ day of _________________, 20_____ . 

______________________________ 

Bankruptcy Judge 

Copies to: 

Creditor 

U.S. Trustee 

Chapter 7 Trustee 

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