Amendment to Bankruptcy Rule 2019 Takes Effect as of December 1, 2011

1 December 2011
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Key takeaways:

  • As of today, an amendment to Rule 2019 of the Federal Rules of Bankruptcy Procedure takes effect, generally expanding the scope of Rule 2019 and expressly subjecting ad hoc committees and informal groups of creditors and equity security holders to the rule.
  • The amendment eliminates the controversial disclosure requirement with respect to the price and time of acquisition of any claim or interest.