Free Relinquishment of Security / Order Lifting Stay - Mississippi

Local Rule S7-1(c)

IN THE UNITED STATES BANKRUPTCY COURT SOUTHERN DISTRICT OF MISSISSIPPI AGREED RELINQUISHMENT OF SECURITY AND RIGHT TO REDEEM, MOTION TO LIFT AUTOMATIC STAY, AND APPLICATION FOR ABANDONMENT IN RE: BANKRUPTCY NUMBER:

The undersigned debtor(s) hereby relinquishes the property hereinafter set out to the creditor hereinafter set out for the reason that the debtor does not wish to retain the secured property and does, by this instrument, release debtor's right to redemption of said property under §722 of the Bankruptcy Reform Act of 1978, fully understanding that the debtor(s) have the right to redeem said property by paying to the holder of the lien the amount hereby given and waive this right. The undersigned creditor hereby makes application for abandonment of the property hereinafter set out for the grounds set out below. Creditor & Address Property: Grounds for Abandonment: no non-exempt equity for benefit of estate ____________________________ CREDITOR'S SIGNATURE The debtor(s) and creditor herein also move the Court to lift the automatic stay as to the said property. DATE: _______________________ ______________________________ DEBTOR ______________________________ DEBTOR

DEBTOR'S ATTORNEY

TRUSTEE'S ABANDONMENT I, the undersigned Trustee, do hereby abandon the above described property as having no realizable equity for the benefit of the estate. DATED this the __________ day of ________________________________. ______________________________ TRUSTEE ORDER LIFTING AUTOMATIC STAY AND APPROVING ABANDONMENT AFTER CONSIDERING the written motion of the debtor(s) and creditor to lift the automatic stay. IT IS ORDERED that the above described property is hereby abandoned and the automatic stay is hereby lifted as to the described property and the named creditor as to said property. SO ORDERED