Rule 2019 Revisited

Law360, New York (March 8, 2010, 3:56 PM EST) -- In 1950, Bette Davis uttered her now-famous phrase in All About Eve, “Fasten your seatbelts, it's going to be a bumpy night!”

By that time, argue those who would propose to abolish Rule 2019 of the Federal Rules of Bankruptcy Procedure, Rule 2019 (in its earlier form) was already obsolete. The insider-dominated reorganizations of the early 20th century, which prompted the Rule 2019 disclosure requirements, were no longer a concern after Chapter X of the Bankruptcy Act was enacted in 1938.

Today, some have come to...
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