BANKRUPTCY RULE 7067-1

DEPOSIT IN COURT

 

(A)    Deposit

The deposit of any money into the registry of the court shall be as directed by order of the court.  The order will state the exact amount to be deposited and invested.  As soon as practicable, the clerk of court shall deposit and invest the funds pursuant to the court order. Funds deposited pursuant to 28 U.S.C. § 2041 shall be invested by the clerk of court in an interest bearing account using the Court Registry Investment System ("CRIS") administered by the Administrative Office of the United States Courts.

(B)    Registry Investment Fee

The custodian is authorized and directed to deduct the registry fee for maintaining accounts in CRIS. The registry fee is determined on the basis of the rates published by the Director of the Administrative Office of the United States Courts as approved by the Judicial Conference.

(C)    Withdrawal

The withdrawal of funds in the registry shall be as directed by order of the court. The disbursement of accrued interest shall only be made if the order so provides. Whenever an order for final distribution from the registry of the court does not provide for the distribution of all funds or interest on deposit, the clerk of court shall pay such funds into the Treasury of the United States. This rule applies to both adversary proceedings and bankruptcy cases.

(D)    Statement of Payee's Name, Address and Tax Identification Number

All orders authorizing disbursement from the registry shall state the payee's name, address, tax identification number and the dollar amount to be paid. Prior to receiving any disbursement from the registry, each payee shall deliver to the clerk of court an executed IRS Form W-9.