Local Rule 3022-1: Final Report/Decree - Chapter 11

Rule 3022-1 Final Report/Decree - Chapter 11

(A) Filing. Immediately after a chapter 11 estate is fully administered, the debtor in possession or chapter 11 trustee shall file a final report showing full administration and any other factors necessary to enable the Court to issue a final decree. Concurrent with the final report, the debtor in possession or trustee must file a motion for entry of a final decree and a proposed order closing the case as required by Fed. R. Bankr. P. 3022.

The movant must provide the United States trustee with a 21-day notice to file any objection to the report and motion for entry of a final decree.

(B) Format. At a minimum, the final report must indicate:

• whether the order confirming the plan has become final;

• whether any deposits required by the plan have been distributed;

• whether the property proposed to be transferred by the plan has been transferred;

• whether the debtor or the successor of the debtor under the plan has assumed the business or the management of the property dealt with by the plan;

• whether payments under the plan have commenced; and • whether all motions, contested matters, and adversary proceedings are resolved.

(C) Fees. Before the Court closes the case, all fees due and payable to the United States trustee must be paid in full.

(D) Applications for Professional Fees. Before the debtor files a motion for a final decree, and no later than four (4) months after the entry of the confirmation order, the debtor or chapter 11 trustee must ensure that each professional entitled to administrative fees files a final fee application.