Local Rule L.R. 3017: Plan Disclosure Statement in Chapter 11 Cases.

L.R. 3017 - Plan Disclosure Statement in Chapter 11 Cases. A. Form and Service of Disclosure Statement. Every Chapter 11 disclosure statement filed with the Court must be titled to identify whether it is the original disclosure statement or an amendment thereof (e.g. "First Amended Disclosure Statement," "Second Amended Disclosure Statement," etc.). The proponent of the disclosure statement must serve a copy of the disclosure statement without charge on: (1) the L.R. 9013-3(D) Master Service List or on those who would be on such a list; (2) the Securities and Exchange Commission when the SEC is a party in the case; and (3) any entity making a written request for a copy.

B. Notice of Chapter 11 Disclosure Statement and Hearing Thereon. The proponent of the Chapter 11 plan and disclosure statement must provide notice of hearing on the disclosure statement and notice of the time for filing objections as required by Fed. R. Bankr. P. 2002(b)(1), 2002(d)(5), and 3017, using a form in substantial conformity with Local Form 14 or as otherwise approved by the Court. The notice of hearing on the disclosure statement should explain that on written request, a copy of the disclosure statement may be obtained from the plan proponent without charge.

C. Objection to Disclosure Statement. Unless otherwise ordered by the Court, any entity with an objection to the disclosure statement must file and serve its objection no later than seven (7) days before the hearing on the disclosure statement. The objection must identify those portions of the disclosure statement which the objecting party asserts are incomplete, misleading, erroneous, or are otherwise the basis for the objection. Where appropriate, the objector should propose acceptable language requested to be included in the disclosure statement. The objector must serve its objection on the proponent of the disclosure statement and on the parties set forth in L.R. 3017(A). The parties must comply with L.R. 2093(B) in an attempt to resolve any objections to the disclosure statement.

D. Notice of Approval of Disclosure Statement and Notice of Confirmation Hearing. Upon approval of the disclosure statement, the plan proponent must provide the notice required pursuant to Fed. R. Bankr. P. 2002(b)(2), 2002(d)(6), and 2002(d)(7), using a form in substantial conformity with Local Form 15, or as otherwise approved by the Court, and must serve all creditors and parties in interest with those documents required by Fed. R. Bankr. P. 3017(d). The proponent's notice of hearing on confirmation must include the time within which objections to confirmation must be served pursuant to L.R. 3020(A).