NEWS & UPDATES

Attached you will find industry bankruptcy filing statistics listed by jurisdiction and bankruptcy chapter for December 2025.    Total bankruptcy filings were 45,935 in December 2025, a twenty percent increase from the December 2024 total of 38,163. The consumer bankruptcy filing total of 43,387 climbed twenty-one percent over the 35,789 consumer filings in December 2024. Consumer Chapter 7 filings were 27,150 in December 2025, up twenty-four percent from the 21,911 Chapter 7

December 1 st  is typically the effective date for any new federal rule updates, which includes bankruptcy.   There are only two rules changing (Rules 3002.1 and 8006), but those changes will have a big impact in bankruptcy.   Below is a summary of the rule updates:   Rule 3002.1 :  Chapter 13—Claim Secured by a Security Interest in the Debtor’s Principal Residence  Today this rule covers post-petition notices and specifically Payment Change Notices (PCNs), Post-Petition Fee

The National Association of Chapter 13 Trustees (“NACTT”) launched their first two podcast episodes – 3002.1 Debtor Attorneys Were...

The law firm of Bonial & Associates, P.C. is proud to announce that Braden Barnes and Abbey Dreher have been promoted to Shareholders....

Date: November 6, 2023 By: Bonial & Associates, P.C. Subject: POC Form 410A—Updates to Bankruptcy Rules, Forms, and Fees As we approach...

The proposed amendments to Bankruptcy Rule 3002.1 and official bankruptcy forms published on June 6, 2023 include changes to existing...

Date: March 13, 2023 Subject: HAF Amended Proof of Claim (APOC) Format By: Bonial & Associates, P.C. As our clients are seeing more and...

Legislation helps small businesses stay open and individuals keep their homes as they find their financial footing through bankruptcy...

The Federal Rules of Bankruptcy Procedure (FRBP) are amended periodically to fine-tune the bankruptcy process and this year is no...

CFPB COVID-19 Regulation X Compliance Review Section 1024.41(f)(3) To help our clients comply with the new temporary CFPB requirements...

COVID-19’s economic impact on borrowers’ ability to repay loans has had major repercussions for auto lenders, and the U.S. Supreme Court...

Attached you will find bankruptcy filing statistics listed by jurisdiction and bankruptcy chapter for the sixth month of 2021. The number...

Black Knight: 1.55 Million Serious Delinquencies Remain; At Current Rate of Reduction, 1 Million Still Likely As September's Wave of...

(Reuters) - A New York-based federal appeals court on Thursday said that private student loans are not protected from discharge in...

Epiq, a global technology-enabled services leader to the legal services industry and corporations, today announced that National...

With the number of loans in forbearance decreasing every day, many of our clients are seeking our advice on the next steps to take in...

March 2021 saw a 41% spike in consumer bankruptcy filings over February, rising to the highest level in 12 months since the COVID...

Propose using special language on COVID-19 forbearance loans as various stages in a Chapter 13 bankruptcy

On September 1, 2020, the Western District of Texas Bankruptcy Court implemented a new standing order. "Standing Order Chapter 13 Loan...

Client Update Memo: The Consolidated Appropriations Act, 2021 was approved by both houses of Congress on December 21, 2020