Committee Floats Bankruptcy Rule Changes In Light Of Stern

Law360, New York (August 17, 2012, 6:12 PM EDT) -- Parties in all bankruptcy proceedings may have to formally consent to judgment from the bankruptcy court to help remove confusion over court authority in light of the U.S. Supreme Court's landmark decision in Stern v. Marshall, a U.S. Judicial Conference committee said on Friday.

New amendments to federal bankruptcy rules would also slash the terms "core" and "noncore" from four bankruptcy rules governing pleading, removal and adversary actions and require a bankruptcy court to decide in pretrial procedures whether or not it had sufficient authority to...
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