Local Rule RULE 6004-2: CHAPTER 11 – SALE OF ESTATE PROPERTY OTHER THAN IN THE ORDINARY COURSE OF BUSINESS
Bankr. N.D.N.Y. — General rule
RULE 6004-2 CHAPTER 11 – SALE OF ESTATE PROPERTY OTHER THAN IN THE ORDINARY COURSE OF BUSINESS
(a) Sale Prior to Confirmation. In a chapter 11 case, if the debtor or trustee seeks authority to sell property of the estate under § 363(b) prior to the entry of an order of confirmation, the notice of motion shall contain a clear and conspicuous statement to that effect.
(b) Content of Notice. In addition to the information required under Fed. R. Bankr. P. 2002(c), the notice of motion to sell property of the estate under § 363(b) shall specify:
(1) The benefit to be realized by each class of creditors from the proceeds of sale;
(2) The extent of the debtor's liabilities;
(3) The estimated net value of any of the remaining assets not subject to the proposed sale; and
(4) The business justification for disposing of estate assets outside the ordinary course of business before a disclosure statement has been approved or a plan confirmed.