Default Judgment Valuing Claim Of Defendant {13-3}

Form 13-3 - DEFAULT JUDGMENT VALUING CLAIM OF DEFENDANT. This form is used in the United States Bankruptcy Court for the Northern District of Illinois. It deals with an adversary complaint filed by the debtor(s) to value the claim of the defendant secured by a lien against a specific property. The defendant, having not responded to the complaint, is considered in default. The judgment deems the defendant's claims as entirely unsecured for Chapter 13 plan purposes, treats any filed proof of claim as unsecured, and upon completion of the plan and discharge, considers the defendant's Mortgage Lien satisfied. www.FormsWorkflow