Local Rule D.N.J. LBR 6004-4: Liquidator

D.N.J. LBR 6004-4. Liquidator

(a) Motion. A motion to sell property under § 363 of the Code by use of a liquidator must include:

(1) the information required of an auctioneer under Local Bankruptcy Rule 2014-2;

(2) a description of any state and local laws and regulations applicable to the sale and the liquidator's proposal for compliance;

(3) a description of the effect of the sale on any leasehold agreement; and

(4) a description of all applicable agreements between and among the liquidator and any affiliate, the debtor, the trustee, and others, including agreements that provide for the following:

(A) financing;

(B) acquisition of an interest in estate property; or

(C) indemnification or release of claims.

(b) Report. The liquidator must file a report not later than 14 days after the conclusion of the sale.

2015 Comment This Rule is derived from former Local Bankruptcy Rule 2014-1(d). It imposes the disclosure and reporting requirements for auctioneers on liquidators.