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Bankruptcy

: Bankruptcy Law Network

New Mexico Bankruptcy Court Announces New Policy

By Gini Nelson, New Mexico Bankruptcy Lawyer

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The United States Bankruptcy Court, District of New Mexico issued a new policy yesterday, that will become effective August 1, 2010. It changes the local practice for requirements on Debtors’ Counsel concerning reaffirmations being proposed to the Court for approval.  Attorneys commonly took no position on such agreements before, leaving that between the Debtors and the Creditors.  The Court will now be requiring attorney involvement in the process, and may hold attorneys in contempt of court if they fail to comply with the new policy.

More about this new policy shortly.

Full post as published by Bankruptcy Law Network on June 10, 2010 (boomark / email).

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