Cash Collateral Procedures Posted

Tuesday, July 9, 2019

The Court has posted cash collateral procedures with a recommended form motion for use of cash collateral (NM LF 4001(b)-1) to the website. 

The form and procedures can be found under the Judges & Opinions tab/General Chambers’ Procedures (Chapter 11), and under the Forms & Local Rules tab/Local Forms/Recommended Forms.

Please take a moment to review the procedures before filing a motion for use of cash collateral.  Only one motion for use of cash collateral should be filed at the outset of the case, even if the debtor seeks to use cash collateral on an emergency basis pending a final hearing.  If the motion includes a request to use cash collateral on an emergency basis, the motion must include a proposed form order and budget for the emergency period as well as a proposed form order and budget for the full cash collateral period.  

Following the procedures and using the form motion should help make first day motion practice in Chapter 11 cases run much more smoothly.