Bankruptcy Rule Amendments Aproved by High Court
Monday, May 9, 2016
Posted by: Sharon Edmondson
The U.S. Supreme Court April 28 submitted to Congress for its consideration proposed amendments to the Federal Rules of Bankruptcy Procedure that have been approved by the Supreme Court.
The amendments will take effect Dec. 1, 2016, and “shall govern in all proceedings in bankruptcy cases thereafter commenced and, insofar as just and practicable, all proceedings then pending,” the Supreme Court order states. However, prior to Dec. 1, Congress may enact legislation to reject, modify, or defer the pending rule amendments. The amendments cover international procedures, Chapter 13 debtors, time extension periods, and ambiguities in the bankruptcy court's jurisdiction and authority created by the U.S. Supreme Court's decision in Stern vs. Marshall.
Also, Bankruptcy Rules 1010, 1011, 2002, 3002.1, 7008, 7012, 7016, 9006, 9027, and 9033 are proposed to be amended, and Rule 1012 is new.
Related Documents (click to view):
Full text of the Supreme Court order
Additional information about the pending rules