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United States Trustee Program introduction to the new Chapter 11 Periodic Reports
June 30, 2021 @ 12:00 pm - 1:00 pmFree
Please join us on June 30, 2021 at 12:00 p.m. for a virtual presentation by the United States Trustee Program on the new Chapter 11 periodic reports, which become effective on June 21, 2021.
Assistant United States Trustees Jeanette Rice and Gerard Vetter will provide important information on the NEW Chapter 11 periodic reports. This program will introduce these streamlined, data-embedded, uniform forms and detail the procedures for completing, filing and serving the new monthly operating reports and post-confirmation reports.
On December 21, 2020, the U.S. Trustee Program (USTP) promulgated a final rule, “Procedures for Completing Uniform Periodic Reports in Non-Small Business Cases Filed Under Chapter 11 of Title 11.” The Final Rule, which is authorized by 28 U.S.C. § 589b, requires that chapter 11 debtors in possession and trustees — other than small business debtors — file monthly operating reports (MORs) and post-confirmation reports (PCRs) using streamlined, data-embedded, uniform forms in every case in every judicial district where the USTP operates.
The uniform forms, and instructions for their use and filing, which may be periodically updated prior to the effective date, are available on the USTP’s website: https://www.justice.gov/ust/chapter-11-operating-reports.
Practitioners need to understand potential changes to applicable filing and service requirements. Unless otherwise provided by local rule, each report must be filed with the bankruptcy court no later than the 21st day of the month immediately following the covered reporting period.
We hope to generate a meaningful and interactive conversation and we hope you will consider joining the United States Trustee Program and your colleagues for this important conversation!
Zoom information will be provided closer to the event.