UNITED STATES BANKRUPTCY COURT

EASTERN DISTRICT OF MICHIGAN

SOUTHERN DIVISION

In Re:

______Case No.______

Debtor Chapter 13

Hon.______

______

Joint Debtor

______/

ORDER ALLOWING DEBTOR(S) TO OBTAIN CREDIT FOR MOTOR VEHICLE

This matter having come before the Court upon Stipulation by the Debtor(s) and Trustee, and the Court being otherwise sufficiently advised in the premises;

IT IS HEREBY ORDERED THAT, pursuant to 11 U.S.C. §365, the Debtor shall be allowed to obtain credit to purchase or lease a motor vehicle on the same terms and conditions as stated in the Stipulation.

EXHIBIT A


UNITED STATES BANKRUPTCY COURT

EASTERN DISTRICT OF MICHIGAN

SOUTHERN DIVISION

In Re:

______Case No.______

Debtor Chapter 13

Hon.______

______

Joint Debtor

______/

STIPULATION ALLOWING DEBTOR(S) TO OBTAIN CREDIT FOR MOTOR VEHICLE

The above-captioned Debtor(s) and David Wm. Ruskin, Standing Chapter 13 Trustee, hereby stipulate and agree to the entry of an Order Allowing Debtor(s) to Obtain Credit, which is attached hereto as Exhibit A.

The specific terms and conditions of this transaction, as agreed, are as follows:

1.  Debtor(s) shall make direct payments to the lender or its assigns.

2.  No notice is required as this Order does not adversely impact upon the Plan or Creditors.

3.  Court approval shall be valid for thirty (30) days after entry.

4.  Debtor(s) shall be solely responsible for insuring this vehicle and complying with all laws for same.

5.  In all other respects, the Order Confirming Plan, as last modified, shall remain in full force and effect.

6.  The specific terms of the financing are:

VEHICLE DESCRIPTION
Year: / Make: / Model: / New or Used? ____ New _____ Used
Lease or Purchase? _____ Lease _____ Purchase
FINANCIAL INFORMATION
Monthly payment: $ / Total Amount Financed: $ / Interest rate: ______%
Length of the loan or lease:______months / Amount of Debtor’s down payment: $ / Sale price (if purchased): $
Financing Company:
Debtor’s source of down payment:
CURRENT/PREVIOUS VEHICLE
Disposition of old automobile:
Reason for replacement:

7.  Is the debtor trading in a vehicle as part of this transaction? ____ Yes _____ No

If Yes (if debtor is trading in more than one vehicle, attach a separate page for each additional vehicle):

DESCRIPTION OF VEHICLE BEING TRADED:
Make: / Model: / Year: / VIN:
Is the Vehicle being traded subject to a Lien or remaining balance on an existing lease? ____ Yes _____ No
If Yes:
Name of Lienholder/Lessor:
Will the existing Lien/lease be paid off as part of this transaction? ____ Yes _____ No

8.  Upon closing of the transaction, Debtor shall provide to the Trustee a copy of the completed Purchase or Lease Agreement and a copy of the RD-108 Application for Certificate of Title. If Paragraph 7 of this Order states that there is a vehicle or vehicles being traded in that are subject to liens or existing leases that will be paid in full as part of this transaction, upon receipt of the completed Purchase or Lease Agreement and a copy of the RD-108 Application for Certificate of Title, the Chapter 13 Trustee shall stop disbursing funds to those creditors whose liens were indicated as being paid in full upon the closing of the financing. Trustee shall not be obligated to recoup any disbursements to creditors made before the Trustee receives copies of the completed Purchase or Lease Agreement and the RD-108 Application for Certificate of Title.

______

DAVID WM. RUSKIN

Chapter 13 Standing Trustee Attorney for Debtor(s)

1100 Travelers Tower

26555 Evergreen Road

Southfield, MI 48076

(248) 352-7755

Date: ______Date: ______