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RULE 13-202. FINANCIAL DOCUMENTS

West's Annotated Code of MarylandMaryland RulesEffective: August 1, 2020

West's Annotated Code of Maryland
Maryland Rules
Title 13. Receivers and Assignees
Chapter 200. Notice and Schedules
Effective: August 1, 2020
MD Rules, Rule 13-202
RULE 13-202. FINANCIAL DOCUMENTS
(a) Preparation and Filing by Debtor. Subject to a court order, within 15 days after the court appoints a receiver or assumes jurisdiction over the estate, the debtor shall complete and file in the proceeding, with copies to the receiver or assignee, the Schedules of Assets and Liabilities and Statement of Financial Affairs substantially in the form approved by the State Court Administrator and posted on the Judiciary website.
(b) Preparation and Filing by Receiver or Assignee. If the debtor or designated party fails to file the financial documents required by section (a) within the deadline set for such filing, the receiver or assignee, to the extent able to supply the information, shall prepare and file the documents. The documents shall be filed within 30 days after the debtor's required filing date or such other date as the court orders.
(c) Failure of Receiver or Assignee to File Documents. If a receiver or assignee who is required to file the documents required by section (a) fails to do so within the required time, any creditor may file a motion regarding the delinquency. Upon the filing of the motion or on its own initiative, the court may issue an order to the receiver or assignee to show cause in writing on or before a specified date why the receiver or assignee should not be compelled to file the schedule or be removed. Unless cause is shown or the financial documents required by this Rule are filed, the court shall remove the receiver or assignee.
(d) Order Compelling Disclosure; Sanction. Upon a motion of the receiver or assignee, or on the court's initiative, the court may order a designated party or parties, or any other person who may have information that is necessary for the filing or completion of the financial documents required by section (a) to appear before the court or before an examiner pursuant to Rule 2-542 and to disclose such information. If the designated party or other person refuses to comply with an order compelling disclosure, the court may hold the offending party in contempt.
Source: This Rule is derived in part from former Rule BP2 a and b and is in part new.

Credits

[Adopted June 29, 2020, eff. Aug. 1, 2020.]
MD Rules, Rule 13-202, MD R RECEIVERS AND ASSIGNEES Rule 13-202
Current with amendments received through February 1, 2024. Some sections may be more current, see credits for details.
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