Vt. Bankruptcy Case Opens Door To Rule 3002.1 Sanctions
Law360, New York (September 30, 2016, 5:18 PM EDT) -- Jonathan Hoffmann
A recent case from the U.S. Bankruptcy Court for the District of Vermont handed down what may be the first instance of punitive sanctions under Federal Bankruptcy Rule of Procedure 3002.1. The court levied a $375,000 sanction for failure to comply with Rule 3002.1’s notice requirements despite the court’s repeated instructions to do so. This ruling could spur similar litigation for violations of Rule 3002.1, especially for repeat offenders. Residential mortgage servicers are wise to take notice.
Chapter 13 of the Bankruptcy Code allows a debtor to pay debts over a period of time....
Stay ahead of the curve
In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.
Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
Create custom alerts for specific article and case topics and so much more!