Local Rule 3017.1-1: DISCLOSURE STATEMENT — SMALL BUSINESS CASES

RULE 3017.1-1. DISCLOSURE STATEMENT — SMALL BUSINESS CASES

(a) Conditional Approval. A plan proponent seeking conditional approval of a disclosure statement in a small business case must file— (1) a motion pursuant to Fed. R. Bankr. P. 3017.1(a) for conditional approval of a disclosure statement without a hearing; (2) a disclosure statement that contains the information required by Official Form 425B, Disclosure Statement for Small Business Under Chapter 11, as may be pertinent; and (3) a plan that contains the information required by Official Form 425A, Plan of Reorganization for Small Business Under Chapter 11, as may be pertinent.

(b) Hearing on Final Approval. If the court enters an order granting an application for conditional approval of a disclosure statement, the hearing on final approval of the disclosure statement will be combined with the hearing on confirmation of the plan pursuant to Fed. R. Bankr. P. 3017.1(c).

(c) Extension of Time for Obtaining Confirmation of Plan under 11 U.S.C. § 1129(e). At the combined hearing on final approval of the disclosure statement and on confirmation of the plan, the court may consider without further notice whether the 45-day period in which the plan must be confirmed as required by 11 U.S.C. § 1129(e) should be extended under 11 U.S.C. § 1121(e)(3), provided that the hearing notice gives notice of this possibility.