Rule 7007.1 Federal Rules of Bankruptcy Procedure

Rule 7007.1 of the Federal Rules of Bankruptcy Procedure is about Corporate Ownership Statement. It is under Part VII (Adversary Proceedings) of the Rules.

(a) Required Disclosure. Any nongovernmental corporation—other than the debtor—that is a party to an adversary proceeding must file a statement identifying any parent corporation and any publicly held corporation that owns 10% or more of its stock or stating that there is no such corporation. The same requirement applies to a nongovernmental corporation that seeks to intervene.

(b) Time for Filing; Supplemental Filing.

The statement must:

(1) be filed with the corporation’s first appearance, pleading, motion, response, or other request to the court; and

(2) be supplemented whenever the information required by this rule changes.