Local Rule L.R. 2015-1: Duty of Debtor in Chapter 12 Case.

L.R. 2015-1 - Duty of Debtor in Chapter 12 Case. A. Duties on Commencement of Case. No later than seven (7) days after the filing of the Notice of Appointment of Trustee, the debtor must tender to the Chapter 12 Trustee the sum of one thousand dollars ($1,000.00). The Chapter 12 Trustee will hold these funds in escrow for the purpose of compensation for services rendered and reimbursement for out-of-pocket expenses. The dollar amount for deposit is subject to adjustment by the Court upon the request of any interested party. Payment of compensation and reimbursement to the Chapter 12 Trustee from the escrowed funds is subject to allowance and approval by further order of the Court under Sections 503(b), 330, 331 and 1226 of the Bankruptcy Code, Federal Rule of Bankruptcy Procedure 2016 and Local Rule 2016-1. Failure of the debtor to tender the required amount within seven (7) days after notification of the appointment of the Chapter 12 Trustee is cause for dismissal of the case.

B. Duty to Disclose Disposable Income. On the first anniversary of confirmation of a Chapter 12 plan and not less frequently than annually thereafter, the debtor must account to the Trustee for all disposable income as defined in Bankruptcy Code § 1225(b)(2). The debtor must provide the Trustee with reasonable information, summaries, and documentation evidencing all receipts and disbursements of money and property over the prior year to enable the Trustee to determine whether the debtor has disposable income which should be applied to make plan payments under Bankruptcy Code § 1225(b)(1)(B). Failure to comply with this Rule will be cause for dismissal or other appropriate action. Nothing in this Rule precludes the Trustee from obtaining an order of Court requiring disclosures more frequently than annually.