Consumer Bankruptcy Journal Winter 2016 - Page 5

the advance notice and hearing requirements under Rule 9014 may not be satisfied. Moreover, in many cases the debtor will incur the additional costs associated with the enhanced service requirements under Rule 7004(h), as many secured creditors are insured depository institutions. By forcing the debtor to make a request for stay termination that is not required by the Code, rather than have it listed on a Local Form as an available option, the proposed rule takes away the debtor’s right to propose the specific content of the plan. Moreover, there are good reasons why a debtor should not be compelled to seek stay termination. It is not uncommon for debtors to provide for surrender of collateral in the plan and at the same time be actively involved with the secured creditor in negotiating a loan modification or some other form of loss mitigation. It makes no sense for a debtor in that situation to request stay termination. It would also be inconsistent with the procedural rules that some bankruptcy courts have established for loss mitigation mediation programs. For these reasons NACBA requests that proposed Rule 3015.1(d)(5) be revised to provide that a Local Form plan may list a request for stay termination as an available option to the debtor, but shall not mandate that such a request be made in connection with surrender. Requests for Determination of Amount of Secured Claim and Avoidance of Judicial Liens Proposed Rule 3012(b), which would become effective at the same time as proposed Rule 3015.1, provides that a request to determine the amount of a secured claim may be made in a motion, in a claim objection, or in a plan filed in a chapter 12 or 13 case. Proposed Rule 4003(d), also to become effective at the same time, provides that a request for lien avoidance under section 522(f) made be made by motion or by a chapter 12 or 13 plan. Although these proposed rule amendments clearly provide that a debtor may make such requests in the plan, and such requests are included as optional plan provisions in the proposed Official Form Chapter 13 Plan, proposed Rule 3015.1 does not require that Local Form plans include an option for the debtor to make a Rule 3012(b) or Rule 4003(d) request. 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