Rule 9019 — Compromise or Settlement; Arbitration

Fed. R. Bankr. P. 9019

• Source: Federal Rules of Bankruptcy Procedure
• Rule: 9019
• PART X: [ABROGATED]
• Citation: Fed. R. Bankr. P. 9019

Text

(a) APPROVING A COMPROMISE OR SETTLEMENT. On the trustee’s
motion and after notice and a hearing, the court may approve a
compromise or settlement. Notice must be given to:
• all creditors;
• the United States trustee;
• the debtor;
• all indenture trustees as provided in Rule 2002; and
• any other entity the court designates.
(b) COMPROMISING OR SETTLING CONTROVERSIES IN CLASSES. After
a hearing on such notice as the court may order, the court may:
(1) designate a class or classes of controversies; and
(2) authorize the trustee to compromise or settle controver-
sies within the class or classes without further hearing or no-
tice.
(c) ARBITRATION OF CONTROVERSIES AFFECTING AN ESTATE. If the
parties so stipulate, the court may authorize a controversy affect-
ing an estate to be submitted to final and binding arbitration.

Advisory Committee Notes

(As amended Mar. 30, 1987, eff. Aug. 1, 1987; Apr. 30, 1991, eff. Aug. 1, 1991; Apr. 22, 1993, eff. Aug. 1, 1993; Apr. 2, 2024, eff. Dec. 1, 2024.)