Most of the official bankruptcy forms are being replaced with revised, reformatted, and renumbered forms, effective Dec. 1, Bloomberg BNA’s Bankruptcy Law Reporter reported yesterday. The new forms are part of a modernization project that began in 2008, to improve the official bankruptcy forms and the interface between the forms and available technology. Due to its scope, the process took seven years, rather than the typical two-year cycle, Prof. Elizabeth Gibson of the University of North Carolina School of Law, Chapel Hill, N.C., said Nov. 16 at a webinar sponsored by ABI. According to Gibson, the process involved bankruptcy and district court judges, bankruptcy clerks, a bankruptcy administrator, and representatives of the U.S. Trustee Program. The Bankruptcy Rules Committee also retained a professional forms consultant to assist in the project. Read more.
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