U.S. Trustee Program Publishes Final Rule Governing Uniform Periodic Reports In Chapter 11 Cases
December 21, 2020
On December 21, 2020, the United States Trustee Program published a final rule in the Federal Register entitled “Procedures for Completing Uniform Periodic Reports in Non-Small Business Cases Filed Under Chapter 11 of Title 11.” This final rule will be effective 180 days after publication, June 21, 2021, and governs the filing of pre-confirmation monthly operating reports (MORs) and quarterly post-confirmation reports (PCRs) for all debtors except those who are small businesses or who, in accordance with the CARES Act, elect relief under subchapter V of chapter 11. These forms must be used for all reports filed on or after June 21, 2021. Until the effective date, filers should continue to use the forms currently applicable in the district where their case is pending.
Updated Census Bureau Median Family Income Data
October 16, 2020
The Census Bureau’s Median Family Income Data accessible through the “Means Testing Information” page has been updated. The U.S. Trustee Program will apply the updated data to all cases filed on or after November 1, 2020.
U.S. Trustee Program Extends Telephonic or Video Section 341 Meeting
August 28, 2020
The U.S. Trustee Program has extended the requirement that section 341 meetings be conducted by telephone or video appearance to all cases filed during the period of the President’s “Proclamation on Declaring a National Emergency Concerning the Novel Coronavirus Disease (COVID-19) Outbreak” issued March 13, 2020, and ending on the date that is 60 days after such declaration terminates. However, the U.S. Trustee may approve a request by a trustee in a particular case to continue the section 341 meeting to an in-person meeting in a manner that complies with local public health guidance, if the U.S. Trustee determines that an in-person examination of the debtor is required to ensure the completeness of the meeting or the protection of estate property. This policy may be revised at the discretion of the Director of the United States Trustee Program.