Chapter 11 or 12—DIP/Trustee Duties.
U.S. Bankruptcy Court for the District of Oregon
(a) Financial/Accounting Records. The debtor’s financial and accounting records must differentiate between prepetition and postpetition transactions, assets, and liabilities. (b) Deposit Accounts. The DIP or trustee must promptly withdraw all monies from all prepetition deposit accounts and open new deposit accounts, including general, payroll, and tax accounts.
New signature cards or account agreements, and checks, must state that the owner is either a DIP or a trustee, and the chapter of the case (e.g., “Ch. 11 Debtor in Possession”). (c) Chapter 11 Monthly Financial Report and Final Account. LBR 2015-1(b) applies.
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