Pending Changes in the Bankruptcy Forms
Forms effective April, 2020
CARES Act Changes
On March 27, Congress passed and the President signed into law the Coronavirus Aid, Relief, and Economic Security Act (“CARES Act”). Section 1113 of that legislation made several changes to the Bankruptcy Code, most of them temporary, to provide financial assistance during the coronavirus crisis.
The enactment of the CARES Act requires one-year amendments to five official forms to account for a new definition of “debtor” applicable to subchapter V of chapter 11 and a new exclusion from the definitions of “current monthly income” and “disposable income.” Because the Act took effect immediately upon enactment and its bankruptcy provisions are of limited duration, the Advisory Committee on Bankruptcy Rules has exercised the authority delegated to it by the Judicial Conference to make conforming technical changes to five bankruptcy forms (Official Forms 101, 122A-1, 122B, 122C-1, and 201).
- Official Form 101, Committee Note
- Official Form 201, Committee Note
- Official Forms 122A-1, 122B, 122C-1, Committee Note for 122 Forms
Additional SBRA Form Changes
At its April 3, 2020 meeting, the Advisory Committee on Bankruptcy Rules recommended the adoption of three new director’s forms that are now available to courts as model discharge orders in Small Business Reorganization Act (“SBRA”) cases.
- Director’s Form 3180RV1 Chapter 11 Discharge for Individual Whose Plan was Confirmed under § 1191(a).
- Director’s Form 3180RV2 Chapter 11 Discharge for Individual Whose Plan was Confirmed under § 1191(b).
- Director’s Form 3180RV3 For Corporation or Partnership Whose Plan was Confirmed under § 1191(b).