Legal Alert - Coming Soon: Bankruptcy Proofs of Claim Must be Filed Sooner and by More Claimants
September 06, 2017
by Nathan G. Kanute
Bankruptcy Rule 3002 is getting an update, which goes into effect on December 1, 2017. Creditors in a Chapter 7 (liquidation), Chapter 12 (family farmer), and Chapter 13 (individual reorganization) bankruptcy need to take heed of this change for two reasons: (1) the rule now requires secured creditors to file proofs of claim; and (2) the time to file a proof of claim has been cut nearly in half.
©2024 Snell & Wilmer L.L.P. All rights reserved. The purpose of this publication is to provide readers with information on current topics of general interest and nothing herein shall be construed to create, offer, or memorialize the existence of an attorney-client relationship. The content should not be considered legal advice or opinion, because it may not apply to the specific facts of a particular matter. As guidance in areas is constantly changing and evolving, you should consider checking for updated guidance, or consult with legal counsel, before making any decisions.
Tabor Center
| 1200 Seventeenth Street
| Suite 1900
| Denver, CO 80202-5854
The material in this newsletter may not be reproduced, distributed, transmitted, cached or otherwise used, except with the written permission of Snell & Wilmer.
The material in this newsletter may not be reproduced, distributed, transmitted, cached or otherwise used, except with the written permission of Snell & Wilmer.