Road Map For The New Bankruptcy Landscape

Law360, New York (January 2, 2008, 12:00 AM EST) -- As of Dec. 1, 2007, amendments to the Federal Rules of Bankruptcy Procedure became effective. The amendments discussed below concern commercial bankruptcy cases and serve to facilitate the efficient administration of such cases.

There are other amendments which clarify the meaning of existing rules or make stylistic changes or apply to consumer cases. A summary of the substantive amendments to the Bankruptcy Rules is as follows:

Rule 1014 (Dismissal/Change of Venue)

The amendment to Rule 1014 explicitly recognizes the authority of bankruptcy courts to dismiss (or...
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