Reed Smith Client Alerts

Amendments to the Federal Rules of Bankruptcy Procedure become effective December 1, 2017. We highlight those amendments below, separating the discussion into amendments that impact both business and consumer bankruptcy cases, and those that will impact only consumer cases. In addition, we discuss the potential applicability of the amendments to pending bankruptcy cases.

Authors: Kurt F. Gwynne Richard J. Tannenbaum

Business and Consumer Cases

The following amendments to the Federal Rules of Bankruptcy Procedure apply generally to business and consumer bankruptcy cases:

Administration of the Bankruptcy Rules

Amended Rule 1001 has been amended to provide that the Federal Rules of Bankruptcy Procedures are to be “administered” and “employed by the court and the parties” to secure the just, speedy, and inexpensive determination of every case and proceeding. The amendment emphasizes the importance of prompt administration of bankruptcy cases. [The prior version of Rule 1001 simply required that the Rules be “construed” to secure such just, speedy, and inexpensive determinations.]