Local Rule 3015-8: CHAPTER 13 POST CONFIRMATION TRANSACTIONS

LOCAL RULE 3015-8: CHAPTER 13 POST CONFIRMATION TRANSACTIONS In addition to any other authority granted to the debtor(s), and notwithstanding any plan provision or order confirming a plan, the debtor(s) may, without court or trustee approval:

1. acquire assets; 2. obtain credit; 3. use cash collateral or insurance proceeds derived from a casualty to property of the debtor or the estate, paying any lienholder to the extent of any lien; and 4. settle or compromise matters not pending before the bankruptcy court in which the debtor(s) is a litigant or beneficiary.

If not otherwise reportable under any other Bankruptcy Code section or Rule, the debtor(s) shall file a report within 10 days of any of the above events, in substantial conformance with the local form, when the event(s) alters by a net value of $25,000 or greater either the net value of the total property or the total debt of the debtor(s) or the estate, or when the event(s) impacts a claim paid by the trustee under a confirmed plan.

Notes:

(2021) The rule was substantially revised.