Local Rule RULE 9090-1: DESIGNATION AS COMPLEX CHAPTER 11 CASE
Bankr. N.D. Ill. — General rule
RULE 9090-1 DESIGNATION AS COMPLEX CHAPTER 11 CASE A. Definition A "Complex Chapter 11 Case" means a case under Chapter 11 of the Bankruptcy Code, other than a single asset real estate case as defined in 11 U.S.C. § 101(51B), that meets one of the following conditions:
(1) The petition lists $50 million or more in assets and $50 million or more in liabilities, aggregated in cases that are related under Rule 1015-1;
(2) The debtor has filed a Notice of Designation as a Complex Case under section (B) of this rule; or
(3) The court has ordered the case designated a Complex Chapter 11 Case under section (D) of this rule.
B. Notice of Designation
(1) If a case is a Complex Chapter 11 Case under section (A)(1) of this rule, the debtor must file with the petition a Notice of Designation as a Complex Case.
(2) If a case is not a Complex Chapter 11 Case under section (A)(1) of this rule, the debtor may file a Notice of Designation as a Complex Chapter 11 Case within 30 days of the petition date. The Notice must explain why the designation is warranted. Designation as a Complex Chapter 11 Case may be warranted for any reason, including:
(a) The debtor has a large amount of assets, liabilities, or both;
(b) The case has a large number of parties in interest;
(c) The case will likely involve a large amount of litigation; and
(d) Claims against the debtor or equity interests in the debtor are publicly traded.
C. Objection to Notice of Designation No later than 14 days after a Notice of Designation as a Complex Chapter 11 Case is filed, a party in interest may file an objection to the Notice. The objection must explain why the designation is not warranted and must be noticed for presentment as a motion.
D. Motion to Designate Case A Chapter 11 case may be designated a Complex Chapter 11 Case at any time on motion of a party in interest or on the court's own motion.
E. Revocation of Designation The designation of a case as a Complex Chapter 11 Case may be revoked at any time on motion of a party in interest or on the court's own motion.