Disbursement of Court Registry Funds.

U.S. Bankruptcy Court for the District of New Mexico

Rule Set: Local Bankruptcy Rules of the U.S. Bankruptcy Court for the District of New Mexico

Rule: 7067-1

Jurisdiction: DNMB

Bluebook Citation: Bankr. D.N.M. R. 7067-1

(a) General. The clerk shall not disburse funds deposited with the court without an order setting forth the name and address of each payee and the amount of principal and interest (if any) to which each payee is entitled, or a means for ascertaining the same. (b) Payment by the Clerk. Funds generally will be disbursed about fourteen (14) days after the date of the court order unless otherwise ordered by the court.

The clerk shall not disburse funds to a payee until a tax identification or social security number for the payee has been received. (c) Fees. All funds deposited with the court and invested as registry funds will be assessed a charge of 10% of the interest income earned. Fees may be deducted periodically without further order and will not be subject to any subsequent exceptions or adjustments by directive of the Administrative Office of the United States Courts.

PART IX.

GENERAL; ATTORNEYS; MOTION PRACTICE IN CONTESTED MATTERS

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