1:13-bk-17281•Chi Hoa Chang
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This form is optional. It has been approved for use in the United States Bankruptcy Court for the Central District of California. December 2013 Page 1 F 2081-1.1.ORDER.CASH.COLLATERAL Attorney or Party Name, Address, Telephone & FAX Nos., State Bar No. & Email Address M. Jonathan Hayes (Bar No. 90388) Matthew D. Resnik (Bar No. 182562) Roksana D. Moradi (Bar No. 266572) SIMON RESNIK HAYES LLP 15233 Ventura Blvd., Suite 250 Sherman Oaks, CA 91403 Telephone: (818) 783-6251 Facsimile: (818) 827-4919 jhayes@SRHLawFirm.com matthew@SRHLawFirm.com roksana@SRHLawFirm.com FOR COURT USE ONLY Individual appearing without attorney Attorney for: Debtor UNITED STATES BANKRUPTCY COURT CENTRAL DISTRICT OF CALIFORNIA – SAN FERNANDO VALLEY DIVISION In re: CHI H. CHANG, CASE NO.: 1:13-bk-17281-AA CHAPTER: 11 ORDER RE: NOTICE OF MOTION AND MOTION IN INDIVIDUAL CHAPTER 11 CASE FOR ORDER AUTHORIZING INTERIM USE OF CASH COLLATERAL [11 U.S.C. § 363] DATE: September 17, 2014 TIME: 10:00 a.m. COURTROOM: 303 PLACE: United States Bankruptcy Court 21041 Burbank Blvd. Woodland Hills, CA 91367 Debtor(s). Affected Lien Holders: Nationstar Mortgage, LLC., Real Time Resolutions, Inc.; Green Tree Servicing, LLC; Select Portfolio Servicing; Montana Bail Bonds, Alomar Bail Bonds; Fresno County Tax Collector; Maricopa County Treasurer; San Diego County Treasurer The court has considered NOTICE OF MOTION AND MOTION IN INDIVIDUAL CHAPTER 11 CASE FOR ORDER AUTHORIZING INTERIM USE OF CASH COLLATERAL [11 U.S.C. § 363], docket number (specify) 64. FILED & ENTERED SEP 25 2014 CLERK U.S. BANKRUPTCY COURT Central District of California BY DEPUTY CLERK Ogier Case 1:13-bk-17281-AA Doc 73 Filed 09/25/14 Entered 09/25/14 13:08:48 Desc Main Document Page 1 of 6
This form is optional. It has been approved for use in the United States Bankruptcy Court for the Central District of California. December 2013 Page 2 F 2081-1.1.ORDER.CASH.COLLATERAL 1. The Motion was: Opposed Unopposed Settled by stipulation 2. Appearances are stated in the court record. 3. The Motion affects the following Collateral: Real Property Personal Property Street address: 2124 E. Vermont Ave. Unit/suite no.: City, state, zip code: Fresno, CA 93720 Legal description or document recording number (including county of recording): Lot 72, of Tract 4335, in the City of Fresno, County of Fresno, State of CA, according to the map thereof recorded in Volume 55, Pages 48 to 49, of Plats, APN: 403-554-10 Street address: 8720 E. Arlington Rd. Unit/suite no.: City, state, zip code: Scottsdale, AZ 85250 Legal description or document recording number (including county of recording): Lot 435, Park Scottsdale Three, according to Book 95 of Maps, Page 15, Records of Maricopa County, AZ APN: 173-71-043-0 Street address: 391 Alamo Way Unit/suite no.: City, state, zip code: Oceanside, CA 92057 Legal description or document recording number (including county of recording): Parcel 1, Lot 40 of River Ranch North, Unit No.1, in the city of Oceanside County of San Deigo, State of California, according to maps thereof , APN 415-40-105481 4. Based upon the findings and conclusions made at the hearing, IT IS ORDERED THAT: 5. The Motion is granted under: 11 U.S.C. § 363(c)(2)(A) 11 U.S.C. § 363(c)(2)(B) a. IT IS FURTHER ORDERED THAT: THIS IS AN INTERIM ORDER, a continued hearing on the further interim use of Cash Collateral shall be held in the same court on Date: , Time: . Any further opposition to the further interim use of Cash Collateral is to be filed with the court and served upon the Debtor, the United States trustee, the creditor’s committee, its counsel, and (if no creditors committee), the 20 largest unsecured creditors by date: . If no opposition is filed, any opposition may be deemed waived. Case 1:13-bk-17281-AA Doc 73 Filed 09/25/14 Entered 09/25/14 13:08:48 Desc Main Document Page 2 of 6
This form is optional. It has been approved for use in the United States Bankruptcy Court for the Central District of California. December 2013 Page 3 F 2081-1.1.ORDER.CASH.COLLATERAL Cash collateral may be used pursuant to the budgets attached hereto. The parties agree to that the cash collateral payments received by SPS will be applied contractually to the loan. b. Denied c. Granted in part: Denied in part: ### Date: September 25, 2014 Case 1:13-bk-17281-AA Doc 73 Filed 09/25/14 Entered 09/25/14 13:08:48 Desc Main Document Page 3 of 6
Jul-14 Aug-14 Sep-14 Oct-14 Nov-14 Dec-14 Jan-15 Feb-15 Mar-15 Apr-15 May-15 Rental Income 2400 2400 2400 2400 2400 2400 2400 2400 2400 2400 2400 Expenses 1st SPS (PITI) 2100 2100 2100 2100 2100 2100 2100 2100 2100 2100 2100 2nd Real Time Resolutions 3rd Alomar Bail Bonds 4th Montana Bail Bonds HOA 95 95 95 95 95 95 95 95 95 95 95 Maintenance/Repairs* 200 200 200 200 200 200 200 200 200 200 200 Total Expenses 2395 2395 2395 2395 2395 2395 2395 2395 2395 2395 2395 Net Income 5 5 5 5 5 5 5 5 5 5 5 Cash Collateral Budget 3910 Alamo Way Oceanside, CA 92057 Case 1:13-bk-17281-AA Doc 73 Filed 09/25/14 Entered 09/25/14 13:08:48 Desc Main Document Page 4 of 6
Sep-14 Oct-14 Nov-14 Dec-14 Jan-15 Feb-15 Mar-15 Apr-15 May-15 Jun-15 Jul-15 Rental Income 1,500 $ 1,500 $ 1,500 $ 1,500 $ 1,500 $ 1,500 $ 1,500 $ 1,500 $ 1,500 $ 1,500 $ 1,500 $ Expenses 1st Nationstar 800 $ 800 $ 800 $ 800 $ 800 $ 800 $ 800 $ 800 $ 800 $ 2nd Real Time Resolutions 3rd Alomar Bail Bonds 4th Montana Bail Bonds Property taxes 278 $ 278 $ 278 $ 278 $ 278 $ 278 $ 278 $ 278 $ 278 $ 278 $ 278 $ Property Insurance 67 $ 67 $ 67 $ 67 $ 67 $ 67 $ 67 $ 67 $ 67 $ 67 $ 67 $ Maintenance/Repairs* 2,000 $ 2,000 $ 350 $ 350 $ 350 $ 350 $ 350 $ 350 $ 350 $ 350 $ 350 $ Total Expenses 2,345 $ 2,345 $ 1,495 $ 1,495 $ 1,495 $ 1,495 $ 1,495 $ 1,495 $ 1,495 $ 1,495 $ 1,495 $ Net Income (845) $ (845) $ 5 $ 5 $ 5 $ 5 $ 5 $ 5 $ 5 $ 5 $ 5 $ Cash Collateral Budget 2124 E. Vermont Ave. Fresno, CA 93720 Debtor requires approximately $4,000 to make a one time repair to the side and back yard fence of the property. Debtor will make repairs as funds are available in Cash Collateral account. Case 1:13-bk-17281-AA Doc 73 Filed 09/25/14 Entered 09/25/14 13:08:48 Desc Main Document Page 5 of 6
Sep-14 Oct-14 Nov-14 Dec-14 Jan-15 Feb-15 Mar-15 Apr-15 May-15 Jun-15 Jul-15 Rental Income 1,450 $ 1,450 $ 1,450 $ 1,450 $ 1,450 $ 1,450 $ 1,450 $ 1,450 $ 1,450 $ 1,450 $ 1,450 $ Expenses 1st Nationstar 920 $ 920 $ 920 $ 920 $ 920 $ 920 $ 920 $ 920 $ 920 $ 2nd Real Time Resolutions 3rd Alomar Bail Bonds 4th Montana Bail Bonds Property taxes 109 $ 109 $ 109 $ 109 $ 109 $ 109 $ 109 $ 109 $ 109 $ 109 $ 109 $ Property Insurance 67 $ 67 $ 67 $ 67 $ 67 $ 67 $ 67 $ 67 $ 67 $ 67 $ 67 $ Maintenance/Repairs* 3,000 $ 3,000 $ 350 $ 350 $ 350 $ 350 $ 350 $ 350 $ 350 $ 350 $ 350 $ Total Expenses 3,176 $ 3,176 $ 1,446 $ 1,446 $ 1,446 $ 1,446 $ 1,446 $ 1,446 $ 1,446 $ 1,446 $ 1,446 $ Net Income (1,726) $ (1,726) $ 4 $ 4 $ 4 $ 4 $ 4 $ 4 $ 4 $ 4 $ 4 $ Cash Collateral Budget 8720 E. Arlington Rd. Scottsdale, AZ 85250 Debtor requires approximately $6,000 to make a one time repairs to dryer ducts, roof and air conditioning unit. Debtor will make repairs as funds are available in Cash Collateral account. Case 1:13-bk-17281-AA Doc 73 Filed 09/25/14 Entered 09/25/14 13:08:48 Desc Main Document Page 6 of 6
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