Local Rule LBR 6006-1: Executory Contracts and Unexpired Leases

LBR 6006-1. Executory Contracts and Unexpired Leases

(a) Notice of Motion Regarding Assumption, Rejection, Assignment, or Performance of Obligations. In addition to the notice required by Bankruptcy Rule 6006(c), notice of a motion or stipulation to assume, reject, or assign an executory contract or unexpired lease, including an extension of time to do so, or to compel performance of an obligation under a contract or lease must be served upon: (1) those entities known to the movant to be entitled to receive notice of a default, termination, or assignment of the contract or lease under the terms of the contract or lease itself or under the terms of any related contract with the debtor; and (2) in a chapter 9 or chapter 11 case, the chair and counsel of record of each committee of creditors and each committee of equity security holders appointed pursuant to § 1102 or, if no committee has been appointed, the creditors that hold the 20 largest unsecured claims.

(b) Expedited Rejection. Notwithstanding subdivision (a) of this rule, a chapter 7 trustee may move to reject an unexpired lease of nonresidential real property where the debtor is the tenant on 24 hours' notice given only to the other party to the lease. Such motions generally will be considered by the court without a hearing.