Statement of Corporate Ownership Requirement - Changes Effective Feb. 1, 2022

Release Date: 
Thu, 01/20/2022

Fed. R. Bankr. P. 1007(a)(1) requires certain debtors to file, with the voluntary petition, a statement of corporate ownership. Effective December 1, 2021, this requirement was extended to adversary proceedings. Fed.R. Bankr. P. 7007.1. Any corporation, other than a governmental unit, that is a debtor in a voluntary case or a party to an adversary proceeding or a contested matter shall file a statement that identifies any parent corporation and any publicly held company, other than a governmental unit, that directly or indirectly owns 10% or more of its stock, or states that there are no entities to report. The statement of corporate ownership must be filed with the initial pleading filed by a corporate entity in a case or adversary proceeding. A supplemental statement must be filed upon any change in circumstances that renders the statement of corporate ownership inaccurate.

Effective February 1, 2022, the Court will review cases and adversary proceedings for compliance with the corporate ownership statement requirement. In voluntary cases, a 7-day deficiency notice will be issued for failure to include the statement of corporate ownership with the initial filing. Statements not included with the initial filing, or supplemental statements, may be filed using the ECF event “Statement of Corporate Ownership.” The ECF event is located at

Bankruptcy > Other

Adversary > Misc Adversary Events

Note that there is no official form for the statement of corporate ownership. Forms may be available in petition preparation software.