Urgent Creditor Alert: Significant Changes to Bankruptcy Rule 3002 Effective December 1, 2017

Urgent Creditor Alert: Significant Changes to Bankruptcy Rule 3002 Effective December 1, 2017 | Michael L. Moskowitz

By Michael L. Moskowitz and Melissa A. Guseynov Creditors beware: changes are afoot and attention must be paid to these changes or your rights in bankruptcy may be prejudiced. We have previously written about the practices and procedures required under Rule 3002 of the Federal Rules of Bankruptcy Procedure (“Bankruptcy Rules”). However, as of December 1, 2017, certain revisions to Bankruptcy Rule 3002 will both require secured creditors to file proofs of claim and substantially reduce the amount of time provided to creditors to file a proof of claim in Chapters 7, 12 and 13 bankruptcy cases.

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