There are changes coming to forms used when filing for bankruptcy, including the means test and filing fees.
The process of filing for Chapter 7 or Chapter 13 bankruptcy can heavy on the paperwork – it includes filling out many forms that are filed with the bankruptcy court, such as a petition for bankruptcy and a variety of schedules that detail a person’s finances. As the country’s financial and social climate changes, so, too, do elements of the bankruptcy process. Over the past several years the Judicial Conference Advisory Committees on Appellate, Bankruptcy, Civil, and Criminal Rules took a deeper look at the bankruptcy filing forms and proposed changes to make them easier for people to understand. This project, called the Forms Modernization project, resulted in changes to several bankruptcy forms. These changes go into effect starting December 1, 2014 – let’s take a look at what they mean.