Local Bankruptcy Rules – Western District Of Oklahoma

| Local Bankruptcy Rules

RULE 2015-1 DUTIES OF TRUSTEES AND DEBTORS-IN-POSSESSION TO KEEP RECORDS, MAKE REPORTS, AND GIVE NOTICE

A. Chapter 7 Cases. The chapter 7 trustee must submit in each chapter 7 case such reports as required by the United States Trustee.

B. Chapter 11 Cases – Pre-confirmation. The monthly operating reports must be prepared using the applicable forms provided on the United States Trustee’s website at (http://www.usdoj.gov/ust.r20) and at the time required by the United States Trustee. Monthly operating reports shall be signed by the debtor or trustee under penalty of perjury and be submitted (but not signed) by counsel.

C. Chapter 11 Cases – Post-confirmation. The debtor-in-possession, trustee or any other agent named in the confirmed plan to oversee consummation thereof in a case under chapter 11 shall submit such reports as may be required by the United States Trustee and/or the Court.

D. Chapter 12 Cases. The debtor shall sign and file verified reports and summaries of the business operations, including farming or fishing operations, if applicable, in the form required by the Court, trustee, or the United States Trustee. Within fourteen (14) days after the filing of the petition, the debtor must file a report and summary of business operations for the calendar month preceding the month in which the case is filed. The debtor shall file monthly reports on or before the 15th day of each succeeding month covering the business operations for the preceding calendar month.

E. Records Retention. All trustees and debtors-in-possession must retain all records pertaining to a case for a period of not less that two (2) years after the case is closed, or for such longer period as may be required by any applicable provision of the Internal Revenue Code.