Uniform Forms are the Rule for Bankruptcy Trustees
The Executive Office for U.S. Trustees (EOUST) has issued a final ruling which requires uniform forms for the final reports submitted by trustees handling Chapter 7, 12, and 13 cases. The rule will take effect April 1, 2009.
The Attorney General is obligated to issue rules requiring uniform forms for final reports by trustees involved in Chapter 7, 12, and 13 of the Bankruptcy Code. As stated in the Federal Register, The BAPCPA requires the rule to strike the best achievable practical balance between (1) the reasonable needs of the public for information about the operational results of the Federal bankruptcy system, (2) economy, simplicity, and lack of undue burden on persons with a duty to file these reports, and (3) appropriate privacy concerns and safeguards.
This rule is known as Section 602 of the BAPCPA and codified at 28 U.S.C. 589b. To read more, refer to regulations.gov.
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