Note MBA

133: Supreme Court Adopts New Bankruptcy Rules


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After several years of debate, major changes have been approved that will have a profound impact on consumer bankruptcy cases. The Supreme Court submitted to Congress amendments to the Federal Rules of Bankruptcy Procedure which set forth extensive changes dealing with forms and filing of claims. The proposed changes will take effect Dec 1, 2017 and will change how creditors should approach consumer bankruptcy and will require crucial adjustments to conform to the shortened timelines to take action.
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Note MBABy Chase Thompson & Robert Woods | Note Investing | Real Estate Investing | Li