Local Rule Rule 4002-1: Continued Pre-Petition Cash Management

Rule 4002-1 Continued Pre-Petition Cash Management A motion in a chapter 11 case to continue using pre-petition bank accounts or pre-petition cash management systems for good cause must contain the following information: (a) identification of the accounts by name of bank, description or title of the accounts and purpose of the accounts; (b) a thorough explanation of the cash management system, including, if applicable, the relationship between parent and subsidiaries and other entities that participate in the cash management system; (c) the reason for continuing to use the pre-petition accounts or system, including the costs and inconvenience of compliance with the guidelines requiring closure of pre-petition accounts; (d) the mechanism and steps to be taken to ensure that unauthorized pre-petition checks will not clear the bank accounts post-petition; (e) the steps that will be taken to have the face of each check and bank statement identify the payer as a debtor in possession; and (f) the steps that will be taken to ensure compliance with § 345.