REVISED BANKRUPTCY FORMS
Statement of Financial Affairs
The current statement of financial
affairs has many open-ended
questions
and
multiple-part
instructions. The modernized form
contains more specific questions.
Checkboxes are used extensively
in the revised form, and questions
of a similar nature are grouped
together. The instruction that
married debtors filing under Chapter
12 or Chapter 13 must include
information applicable to their nonfiling spouses is eliminated from the
new form.
Statement of Intention
Extensive instructions are added
to the statement of intention.
For example, the debtor is
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CONSUMER BANKRUPTCY JOURNAL
advised that the form must be filed
within 30 days and that the debtor
must deliver copies of the form to
creditors and lessors listed on the
form.
National Chapter 13 Plan Form
A national Chapter 13 plan form
to be used by all debtors in all
jurisdictions and amendments to
the Federal Rules of Bankruptcy
Procedure to implement the plan
also are being considered for
adoption by the Committee. The
use of a national form plan is
consistent with existing practice
of using national forms for regular
bankruptcy procedures. If approved
as a package, the national plan form
and implementing rules will likely go
into effect on December 1, 2016.
Winter 2015
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National Association of Consumer Bankruptcy Attorneys