Effective December 1, the bankruptcy rules have been extensively amended—one of the most significant rules changes in years. This article explains the implications for individual debtors and provides resources to deal with the changes.
The procedure for turnover of property has been simplified, making it easier to recover many repossessed vehicles. Debtors no longer need file a statement that they completed a financial management course. The rules have been completely restyled and renumbered.
The article also links to five forms debtors can use to require turnover, updated with the new rule changes. In addition, the article links to a side-by-side comparison of the old and new rules, and explains an inadvertent substantive change, and how to cope with that change.
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