Final Report/Decree in Subchapter V Cases (Chapter 11) (added February

24, 2020) (a) If the confirmed plan is subject to 11 U.S.C. § 1191(a) (a “consensual plan”) the Subchapter V small business debtor will conform to the following provisions: (1) Projected Dates for Substantial Consummation. Chapter 11 Subchapter V small business debtors shall file with the Clerk of Court within 14 days of the date of the entry of the order confirming the plan of reorganization, a report specifying the projected date for substantial consummation as defined in 11 U.S.C. § 1101(2). The report shall describe the action that is to be taken to reach substantial consummation. If the projected date for substantial consummation must be extended, the debtor shall file a supplemental report specifying the new projected date, the progress made toward consummation of the plan, the action remaining to be taken toward substantial consummation, and the reasons for the delay.

(2) Application for Final Decree. Upon substantial consummation as defined in 11 U.S.C. § 1101(2), the Subchapter V Chapter 11 debtor shall comply with the procedures contained in the Clerk’s Instructions, file a final report and final account in compliance with 11 U.S.C. § 704(a)(9), file an application for final decree, and submit a proposed final decree. (b) If the confirmed plan is subject to 11 U.S.C. §1191(b) (a “non-consensual plan”), upon completion of all payments under the confirmed plan, the debtor shall comply with the procedures contained in the Clerk’s Instructions, file a final report and final account in compliance with 11 U.S.C. § 704(a)(9), and file a Certificate of Plan Completion and Request for Discharge.