Local Rule LOCAL RULE 5020-1: CORPORATE DISCLOSURE

LOCAL RULE 5020-1 CORPORATE DISCLOSURE

(a) Disclosure of Corporate Parent In addition to the disclosure requirements for nongovernmental corporate parties in adversary proceedings under Rule 7007.1 of the Federal Rules of Bankruptcy Procedure, the following nongovernmental corporate parties must file a statement identifying any parent corporation and any publicly held corporation that owns 10% or more of its stock:

(1) a corporate debtor filing a petition in a voluntary case;

(2) a petitioning corporate creditor in any involuntary case; and

(3) a corporate party serving on a creditors' committee.

(b) Time for Filing.

Any such party must file the statement upon the filing of the petition or within 14 days after being appointed to a creditors' committee. The party must supplement the statement within a reasonable time after any change in the information.