Local Rule 6004-1: SALE OF ESTATE PROPERTY
Bankr. C.D. Ill. — General rule
RULE 6004‐1 SALE OF ESTATE PROPERTY
(A) Sales Free and Clear. Requests to sell an asset free and clear of lien or other interests shall be made by motion that:
(1) specifically identifies the creditor or party having a lien on or interest in the property to be sold and the type of interest involved,
(2) states the claimed amount of the lien, and
(3) identifies the specific subparagraph of §363(f) that permits the free and clear sale.
(B) Notice of Intent. The movant shall file a separate notice of intent with each sale motion.
(C) Special Sale Procedures or Qualifications. Special procedures or qualifications for bidding, objecting, and generally conducting the sale shall be requested by separate motion filed prior to the motion to sell and notice of intent to sell.
(D) Report of Sale Required. A report of sale must be filed for every sale.
(E) Auctioneers or Brokers. If an auctioneer, broker, or other professional is to conduct a sale of property, their employment must be approved before the sale will be authorized.
(F) Debtor Sales. Chapter 7 debtors may not sell property of the estate.
(G) Sale Confirmation Not Required. Orders confirming sales are not required by the Code or Rules and generally will not be entered even if tendered.