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Motions For Post-Petition Financing
MOTIONS FOR POSTPETITION FINANCING or MOTION TO INCUR NEW DEBT.
Each Motion for post petition Financing must include the following information:
A. Items to be included in the Motion.
- A description of the item being purchased, and the existence and nature of any factory warranty.
- The financing terms, interest rate, monthly payment amount and number of payments.
- Where the interest rate is built into the price, the sum attributable to finance charges.
- The existence and cost, including finance charges, of any extended warranties.
- A copy of the Debtor's current income and expense budget (Schedules I & J).
- A copy of any buyer, seller, or financing contract relative to the indebtedness. The copy should include signatures of all parties involved.
- The reason or necessity for incurring new debt.
B. Noticing Requirements.
Notice of the Motion should be served upon all parties having filed a notice of appearance, all creditors, U.S. Trustee, and Trustee.
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