Kentucky Bankruptcy Law

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Summary of Changes to Federal and Local Rules and Forms Eff. Dec. 1, 2017

The bankruptcy rules, they be a’changin’.

Chapter 13 Trustee, EDKY: Trustee's Blog

Here is a brief summary of the changes to federal and EDKY local rules and forms that become effective starting in cases filed Friday, December 1. 

Effective Date

  • Amended rules take effect on December 1, 2017, “and shall govern in all proceedings in bankruptcy cases thereafter commenced and, insofar as just and practicable, all proceedings then pending.”

Rule 2002

  • 21 days’ notice of deadline for filing objections to confirmation;
  • 28 days’ notice of date set for the confirmation hearing.

Rule 3002

  • Bar date for creditors other than governmental units: 70 days from the date of the petition (or date of conversion to 13).
  • Bar date applies to secured creditors.
  • If secured creditor does not timely file a claim,
    • it will not have an allowed claim, but
    • lien is not void due only to its failure to file a claim.

Rule 3007

  • Requires service of a Notice of Objection to Claim…

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November 27, 2017 Posted by | Uncategorized | Leave a comment