Local Rule Rule 1075-1: Disclosure of Corporation Ownership

Rule 1075-1 Disclosure of Corporation Ownership

(a) Except for those documents or pleadings identified in Paragraph (b) of this rule, the disclosure statement requirements provided in Federal Rule of Civil Procedure 7.1 shall apply to each document that marks the initial appearance of a non-governmental corporation in a bankruptcy case or adversary proceeding.

(b) Non-governmental corporations shall not be required to file a disclosure statement when filing Proofs of Claims or Reaffirmation Agreements in a voluntary or involuntary bankruptcy case.

(c) Parties shall file ONE copy of the required disclosure statement as opposed to the two required by Federal Rule of Civil Procedure 7.1.

(d) The Clerk shall issue a deficiency notice for each petition and initial document filed by a non-governmental corporation in a bankruptcy case or adversary proceeding that is not accompanied by the required disclosure statement, allowing 14 days for cure of the deficiency.

(e) Failure to file the required disclosure statement within the time provided in the deficiency notice may result in either an order striking the document from the record or dismissal of the case or proceeding.