Navigating Bankruptcy Rule 3002.1 Compliance Landmines in Chapter 13 Servicing
Understanding the High Stakes of Bankruptcy Rule 3002.1 Compliance December 1st will significantly impact how mortgage servicers handle Chapter 13 bankruptcy cases. But before we examine what’s coming, consider what’s already happened to servicers who get these requirements wrong. Servicers have discovered that bankruptcy regulatory mistakes carry expensive consequences, sometimes to the tune of millions…