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New Rule on Reaffirmation Agreements

Effective May 1, 2008, a new Cover Sheet shall be required to when filing a Reaffirmation Agreement. This new rule is called General Procedure Order 2008-2. Click the link below for a full text of GPO 2008-2, including the new form: http://www.cob.uscourts.gov/orders/gpo2008-2andform.pdf Doug Koktavy https://www.coloradocreditorlaw.com/

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New Rule on Routine Communications With Debtor

BANKRUPTCY UPDATE: NEW RULE ON ROUTINE COMMUNICATIONS WITH DEBTOR Borrowers and lenders sometimes find themselves being held hostage to the bankruptcy code. Consider the following example: Borrower is current on a car loan and files bankruptcy for other reasons. Borrower wants to keep the car and work something out with the bank. However, the bank is advised by counsel not to send

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Mandatory Electronic Filing General Procedure Order 2008-5 Hits December 1

BANKRUPTCY PROCEDURE UPDATE: NEW RULE ON PROOF OF CLAIM FILINGS Query: ARE YOU “PAPER FILING” YOUR PROOFS OF CLAIM? (hint: Not Anymore!) Effective December 1, 2008, mandatory electronic filing will apply to creditors who file, on the average, two or more proofs of claim per week. This new rule is called General Procedure Order 2008-5. In addition, creditors are required

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