Local Rule Rule 3021-1: Post-Confirmation Procedures in a Large Bankruptcy Case

Rule 3021-1 Post-Confirmation Procedures in a Large Bankruptcy Case

(a) Unless the court orders otherwise, within 14 days after the entry of an order confirming a chapter 11 plan in a Large Bankruptcy Case, the plan proponent or other responsible person under the plan must file with the court a statement that contains a timetable with the steps proposed for achieving substantial consummation of the plan and entry of a final decree, including resolution of claims and resolution of avoidance and other bankruptcy court litigation outstanding or contemplated. Any law firm or individual responsible for safeguarding and accounting for the proceeds of all recoveries on behalf of the estate must be identified.

(b) Unless the court orders otherwise, the plan proponent or other responsible person under the plan must file with the court a report whenever necessary, but no less frequently than every six months after the entry of the order issued in accordance with subpart (a) of this Local Rule, identifying the actions taken under the order, location of and steps taken to protect any funds or other property recovered on behalf of the estate, and any necessary revisions to the timetable.