Chi Hoa Chang

1:13-bk-17281CacbSep 25, 2014

Full text

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
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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 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
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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 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
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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
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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
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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
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