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New rule sets minimum standard for clarity in bankruptcy courts
EAST ST. LOUIS – The United States Bankruptcy Court for the Southern District of Illinois published a notice on Feb. 7 announcing greater clarity for the nation’s creditors as it pertains to Chapter 13 insolvencies. The newly added Rule 3015.1 requires, as of December 2017, the use of a national form for Chapter 13 plans unless a district already has a process that meets the requirements in the new rule.