Mortgage holders, mortgage servicers will be significantly affected by recent rule changes

New amendments to the Bankruptcy Rules became effective on December 1, 2011.  These amendments add new requirements and potentially harsh penalties for failure to comply.  An overview of those amendments follows.

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Filed under:
USA, Banking, Insolvency & Restructuring, Vorys Sater Seymour and Pease LLP, Bankruptcy, Debtor, Mortgage loan
Authors:
Brenda K. Bowers , Randall D. LaTour
Location:
USA
Firm:
Vorys Sater Seymour and Pease LLP