Supreme Court Action on Bankruptcy Forms
Sharon Edmondson, Washington Legislative Team Member | May 13, 2015
The Supreme Court announced on April 29 that proposed amendments to Federal Rule of Bankruptcy Procedure 1007, making it consistent with the new form designations, have been adopted and sent to Congress for their consideration. The proposed amendments will take effect December 1, 2015 and shall govern in all proceedings in bankruptcy cases commenced or pending. Prior to Dec 1, 2015, Congress may enact legislation to reject, modify, or defer the pending rule amendments.
These changes come about due to the Forms Modernization Project, a multi-year endeavor to revise many of the official bankruptcy forms. The project’s goal was to improve the official bankruptcy forms and to improve the interface between the forms and available technology. The schedules referred to in Rule 1007(a)(1) and (a)(2) will become Official Forms 106 D,E/F, G and H.