Local Rule 2015-5: Duty of Debtor in Chapter 12 Case to Disclose Disposable Income
Bankr. S.D. Ill. — General rule
L.R. 2015-5 – Duty of Debtor in Chapter 12 Case to Disclose Disposable Income. On the first anniversary of confirmation of a chapter 12 plan and not less frequently than annually thereafter, the debtor shall account to the Trustee for all disposable income as defined in Section 1225(b)(2) of the Bankruptcy Code. The debtor shall provide the Trustee with reasonable information, summaries, and documentation evidencing all receipts and disbursements of money and property over the prior year to enable the Trustee to determine whether the debtor has disposable income which should be applied to make plan payments under Section 1225(b)(1)(B) of the Bankruptcy Code. Failure to comply with this Rule shall be cause for dismissal or other appropriate action. Nothing in this Rule precludes the Trustee from obtaining an order of Court requiring disclosures more frequently than annually.