STATEMENT, FORM, AND NOTICE [Former Rule 25 and Rule 26 (RESERVED)] [SO

8/9/83] A. B. C. Except as to sales in the ordinary course of operating a business, the trustee or debtor in possession shall file with the Bankruptcy Court a statement identifying any estate property proposed to be sold and the date and manner of such sale. The statement shall contain sufficient detail to enable creditors to make an informed judgment as to the wisdom of the proposed disposition. At a minimum, the statement shall contain a description of the property. A statement of sale shall contain a description of the manner and terms of sale, the name of the buyer and purchase price, if known.

If the case is a chapter 11 case, a statement as to whether the sale is all or substantially all of the debtor’s assets, and the effect the sale will have upon the debtor’s ability to reorganize. Except as provided in Rule 6004(c) Fed.R.Bankr.P., and subdivision C hereof, notice of the filing of the statement and a summary thereof shall be sent to all creditors. The notice also shall advise creditors that they may obtain a hearing on the proposed disposition by filing a written demand for a hearing with the Court within twenty (20) days of the notice date. Where the statement discloses a sale of all or substantially all of the assets, the Clerk shall set the matter for hearing and notice shall be sent to all creditors.

Rule 6007.

ABANDONMENT