Disclosure of Compensation to Debtor’s Principals and Insiders in Chapter 11 Cases.

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: 2015-3

Jurisdiction: DNMB

Bluebook Citation: Bankr. D.N.M. R. 2015-3

All Rules: Bankr. D.N.M. Local Bankruptcy Rules, complete index


Text

On or before the date the schedules, statements and other documents required by BR 1007(b) must be filed, the debtor in possession shall file a notice of compensation. The notice of compensation shall disclose: 1) the post-petition compensation the debtor in possession intends to pay insiders as defined by Code § 101(31) from the petition date until confirmation; 2) the compensation the debtor in possession paid to each of those persons within the two-year period prior to the petition date; and 3) the source of such compensation. Unless the court orders otherwise, the debtor in possession shall serve the notice of compensation on all on all creditors, equity security holders, the United States trustee, and other parties in interest.

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