DEPOSIT OF FUNDS IN THE REGISTRY OF THE BANKRUPTCY COURT

Rule No: 
5001-1

(a) Order for Deposit into Court Registry. Except for deposits required by law or court order, a party desiring to deposit funds into the registry of the court must file an application, which shall include a detailed explanation of the facts and circumstances necessitating the deposit of estate funds into the registry.

(b) Form of Proposed Orders Directing Deposit of Funds into the Court Registry. A proposed order directing the clerk of court to deposit funds into the registry of the court must include the following:

(1) the amount to be deposited;

(2) a direction to the clerk of court to deposit registry funds of $25,000 or more into an interest bearing account in accordance with 31 C.F.R. Part 202;

(3) a direction to the clerk of court to deposit funds of less than $25,000 into a non-interest bearing account with the U.S. Treasury; and

(4) language directing the clerk of court to deduct from the income earned on the deposit a fee as prescribed by the Judicial Conference of the United States, without further order of the court.