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B-3017- 2. CONSIDERATION OF DISCLOSURE STATEMENTS IN SMALL BUSINESS CASES AND CONFIRMATION DEADLINES

(a)   Expedited Processing of Disclosure Statement

If the proponent of a plan in a small business case would like the Court to:

(1)     determine that the plan itself provides adequate information and that a separate disclosure statement is not necessary;

(2)     approve a disclosure statement submitted on an approved official form; or

(3)     conditionally approve a disclosure statement subject to final approval at a hearing where the Court will also consider confirmation of the proposed plan,

the proponent shall file a notice at the same time as the proposed plan or disclosure statement is filed. Such notice shall state, with particularity, why a separate disclosure statement is not needed, why a separate hearing to consider the adequacy of a disclosure statement is not necessary, or why the filing of the plan should be deferred. A sample notice form is available on the Court’s website.

(b)   Absence of Notice Results in Hearing

Absent a notice submitted in accordance with subparagraph (a), the Court will schedule the case for such proceedings as it deems appropriate.

(c)   Deadlines

At any hearing where the Court is to consider the adequacy of a proposed disclosure statement the Court may also, either on its own initiative or at the request of a party in interest, consider whether any applicable deadline for confirming a proposed plan should be extended.