Rule 6004-3 Public Sale Bidding Procedures in a Chapter 11 Case.

In the case of a public sale conducted in chapter 11 case by other than a professional auctioneer, the seller must file a sale procedure motion which will detail the bidding procedures, including the following:

    (1)    any minimum bid requirements;

    (2)    any minimum bid increment requirements;

    (3)    whether any bidder who has a contractual right to a topping or breakup fee will receive a credit equal to the breakup or topping fee when bidding on the property; and

    (4)    a provision that all bidding must take place outside the presence of the court.

Part VI - Collection and Liquidation of the Estate