Overall December 2021 New Bankruptcy Filings Continue
However, sharp uptick in commercial Chapter 11 new filings...
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However, sharp uptick in commercial Chapter 11 new filings...
Federal Rule of Bankruptcy Rule 3002 went into effect December 1, 2011. Implemented to address a perceived problem in cure and maintain Chapter 13 cases cases in which the debtor cures any pre-petition arrearage.
The Second Circuit’s August 2021 decision in In re Gravel, 6 F. 4th 503, has already received considerable attention and generated much debate over the last few months. Gravel involved the Vermont bankruptcy court’s initial entry of $375,000 in sanctions.
New filings continue overall downward trend...
Individual Chapter 7’s Down 9%, Individual Chapter 13’s Up 6%...