Local Rule RULE 2015-1: TRUSTEE EXPENDITURES AND INTERIM DISTRIBUTIONS

RULE 2015-1. TRUSTEE EXPENDITURES AND INTERIM DISTRIBUTIONS

(a) A trustee may pay, without prior Court approval, the following:

(i) bank servicing fees to the extent authorized by the Uniform Depository Agreement that exists between the bank used by the trustee as a depository for estate funds and the U.S. Trustee;

(ii) bond premiums required by 11 U.S.C. §322(a); and

(iii) obligations to taxing agencies arising under 11 U.S.C. §507(a)(2), provided that the estate is, and is likely to remain, administratively solvent.

(b) Nothing in this Rule excuses a trustee from maintaining proper documentation of all expenses paid and itemizing all expenses incurred in a Final Report.

(c) Before filing any motion to make an interim distribution to creditors, a chapter 7 trustee must submit to the U.S. Trustee a copy of the motion together with an Estate Property Record and Report (United States Trustee Form 1), a Cash Receipt and Disbursement Record (United States Trustee Form 2), and the proposed dividend distribution. The chapter 7 trustee must allow at least 14 days for the U.S. Trustee to review the submissions before filing the motion to make interim distribution. Within 14 days of the trustee's filing of a motion to make an interim distribution, the U.S. Trustee must file a statement that the motion has been reviewed with

(i) no objection, or

(ii) state an objection to the motion.