RULE 6004-1     SALE OF ESTATE PROPERTY

(a)        Motions for and Notices of Sale of Property.  A motion for sale and the notice thereof shall, in addition to the information required by Fed. R. Bankr. P. 2002 and Fed. R. Bankr. P. 6004, set forth: 

(1)        the terms of the sale;

(2)        in a private sale, the name of the purchaser and the purchaser's relationship, if any, to the debtor;

(3)        any valuations of the property to be sold made within the 12-month period prior to the filing of the motion that are known to the movant;

(4)        the anticipated fees and expenses related to the sale;

(5)        whether the sale includes personally identifiable information;

(6)        in a chapter 11 case, whether the assets proposed to be sold comprise a substantial part of debtor's estate or will affect debtor's ability to continue operating as a going concern;

(7)        in the notice, the date of the hearing on the motion (if set); and

(8)        in the notice, the deadline for filing objections to the motion. 

(b)       Additional Requirements for Motions for and Notices of Sales Free and Clear of Interests.  In addition to the information required under subdivision (a), the notice of a motion to sell property free and clear of liens or other interests under 11 U.S.C section 363(f) shall include:

 (1)        a statement that the property is to be sold free and clear of liens or other interests;

 (2)        the name of the alleged holder of and the amount and nature of each lien or other interest in the property;

 (3)        the sub-paragraphs of 11 U.S.C. section 363(f) under which the sale is claimed to be authorized; and

 (4)        if the proceeds of the sale appear to be insufficient to pay all the liens and other interests in the property, then the notice shall further state:

 (A)       the liens and other interests that may not be paid from the sale proceeds; and

 (B)       why the sale is necessary.

 (5)        If the movant does not intend for the interests of others in the property to attach to the proceeds, the movant shall clearly set forth this intent and provide the basis for the request.