Massachusetts Bankruptcy Court Issues New Standing Orders

13 May Massachusetts Bankruptcy Court Issues New Standing Orders

The Massachusetts Bankruptcy Court recently issued three new standing orders.

  • The first order allows limited (un-bundled) representation of debtors in pro bono bankruptcy case.
  • The second requires that stipulated provisions which could lead to automatic dismissal or relief from the automatic stay be set forth conspicuously, in bold, uppercase type.
  • The third allows secured creditor to send regular monthly statements to debtors in bankruptcy, and it allows creditors to directly contact debtors to discuss loan modifications with the written permission by the debtor’s bankruptcy attorney.

The third standing order is particularly significant because mortgage servicers have new latitude in negotiating workouts and modifications. Usually, the only way to make a deal financially feasible is for the debtor to negotiate directly with the mortgage servicers. This is what the order commendably anticipates and allows.

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Nicholas Ortiz, Boston Bankruptcy Attorney

From Attorney Ortiz: We have been helping consumers and small businesses in Massachusetts successfully navigate through the bankruptcy process since 2002. We offer free initial consultations and payment plans. Call us at 617-716-0282 to discuss your debt relief options. Mention the Bankruptcy Law Network when you call!
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