Local Rule RULE 9019-1: SETTLEMENTS

RULE 9019-1. SETTLEMENTS Motions filed by the trustee or DIP pursuant to Bankruptcy Rule 9019 to approve the compromise or settlement of controversies shall be filed in the bankruptcy case and shall be served on the debtor, debtor's counsel, the United States Trustee, and all parties who have requested notices in the Bankruptcy case. If a proposed settlement or compromise of an adversary proceeding affects the estate, the parties shall file a joint motion for approval of such compromise of the adversary proceeding in the bankruptcy case and serve the motion upon the debtor, debtor's counsel, the trustee, the United States Trustee, and all parties who have requested notice in the Bankruptcy case. A motion filed under this rule shall describe with specificity the contentions of the parties and the basis and terms of the settlement. A motion filed under this rule must utilize the procedure for notice of opportunity for hearing contained in Local Rule 9013-1(B). A Local Form 20A, Notice of Motion, Notice of Deadline to File Objection to Motion and Notice of Hearing shall be served on the parties named above pursuant to Bankruptcy Rule 2002(a)(3) and Local Rule 2002-1(A). Once the compromise or settlement has been approved, the parties shall file the appropriate pleadings in the related adversary proceeding within fourteen (14) days from the entry of the compromise or settlement in the Bankruptcy case.