Local Rule 3017.1-1: DISCLOSURE STATEMENT - SMALL BUSINESS

RULE 3017.1-1 DISCLOSURE STATEMENT - SMALL BUSINESS In a small business case, a plan proponent may file a combined plan and disclosure statement, provided the title of the document so indicates.

(A) Application of Bankruptcy Rule 3017. If the disclosure statement is conditionally approved, the title of the disclosure statement is considered approval of the disclosure statement for the purpose of applying Bankruptcy Rule 3017(d), document so indicates.

(B) Objections and Hearing on Final Approval. Notice of the time fixed for filing objections and the hearing to consider final approval of the disclosure statement shall be given in accordance with Bankruptcy Rule 2002 and may be combined with notice of the hearing on confirmation of the plan. Objections to the disclosure statement shall be filed, transmitted to the U.S. Trustee, and served on the debtor, the plan proponent, if not the debtor, the trustee, any committee appointed under the Bankruptcy Code and any other person or entity designated by the Court at any time before final approval of the disclosure statement or by an earlier date as the Court may fix. If a timely objection to the disclosure statement is filed, the Court shall hold a hearing to consider final approval before or combined with the hearing on confirmation of the plan.

(C) NOTE: If a disclosure statement is conditionally approved under § 1125(f) subject to final approval after notice and a hearing, and no timely objection to the disclosure statement is filed, it is not necessary for the Court to hold a hearing on final approval.