Local Rule 7041-1: SETTLEMENT AND DISMISSAL.
Bankr. E.D. Tex. — General rule
Local Rule of Bankruptcy Procedure 7041-1. SETTLEMENT AND DISMISSAL.
(a) Settlement of Controversies Which Impact Bankruptcy Estate A motion to compromise must comply with Federal and Local Rules of Bankruptcy Procedure 2002(a), 9014, and 9019. Such motion, and any proposed order approving such a motion, shall be filed in the underlying bankruptcy case.
(b) Disposition of Adversary Upon Settlement Approval Upon the entry of an order approving a compromise and settlement in the underlying bankruptcy case, the parties shall submit to the Court either a final judgment based upon the approved settlement or an agreed order dismissing the adversary proceeding.