Last updated: 8/29/2024
Notice Of Cash Collateral Hearing {LBF-35}
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Description
AK LBF 35 - NOTICE OF CASH COLLATERAL HEARING. This form is used in the United States Bankruptcy Court for the District of Alaska to notify interested parties about a hearing regarding the use of "cash collateral" in a bankruptcy case. Cash collateral refers to cash or cash equivalents (like bank accounts or other liquid assets) that are subject to a creditor's lien. The form informs the debtor and other parties about the details of the hearing, including the date, time, and location, as well as how they can participate, either in person or telephonically. The notice also highlights specific provisions of the motion or agreement related to the use of cash collateral, which may affect the rights of creditors and other interested parties. These provisions might include clauses about the use of the debtor's assets, the priority of liens, waivers of certain rights, or other significant terms. If any party objects to the use of cash collateral or the terms of the agreement, they must file a written objection by a specified deadline. If no objections are filed, the court may approve the motion or agreement without further notice. www.FormsWorkflow.com
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