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Rule 9019-1. Settlements and Stipulations

Part IX. General Provisions

            A.         Notification of Settlement of Matter Scheduled for Hearing. When a matter scheduled for hearing is settled, the moving party must immediately inform the courtroom department by email to, telephone, or other expeditious means.

            B.         Effect of Stipulations. Except as provided by the Bankruptcy Code or the Federal Rules of Bankruptcy Procedure, a stipulation filed with the court is binding on the parties thereto in accordance with its terms. But a stipulation that provides for relief from the automatic stay, prohibits or conditions the use, sale, or lease of property, or provides for adequate protection, use of cash collateral, or obtaining credit is not enforceable, unless it is approved by the court after notice and hearing under Fed. R. Bankr. P. 4001(d). The court may approve a stipulation or agreement without further notice and hearing if: (1) an underlying motion was served on all parties in interest entitled to notice under Fed. R. Bankr. P. 4001(a) and (d); or (2) the parties represent in the stipulation all parties entitled to notice under Fed. R. Bankr. P. 4001(a) and (d) signed the stipulation.

            C.         Stipulations Requiring Notice. Unless otherwise ordered by the court, the notice requirement of Fed. R. Bankr. P. 4001(d) and 9019 may be satisfied under Local Rule 9013-1 as complemented by Fed. R. Bankr. P. 4001(d) or 9019.