IMPORTANT BANKRUPTCY UPDATES FROM REISENFELD & ASSOCIATES

David C. Nalley, Partner – Managing Attorney for Bankruptcy

Bankruptcy Court increases fees for certain filings
Effective December 1, 2020, the filing fee for Motions to Lift Stay is increasing from $181.00 to $188.00. The fees for Transfers of Claims and for Motions to Redact are increasing from $25 to $26 each. Most of other impacted fees are ones that are typically incurred by Debtors in the administration of their cases.
Southern District of Ohio Bankruptcy Courts Adopt Mortgage Mediation Program
Effective November 2, 2020, the Bankruptcy Court for the Southern District of Ohio has started the Mortgage Modification Mediation (“MMM”) Program. Similar to programs in other jurisdictions, the MMM is intended to facilitate consensual resolution of issues regarding properties at risk of foreclosure.
Most Servicers are likely familiar with the programs in many other jurisdictions. Like many of those programs, the MMM utilizes the DMM Portal and mediators to facilitate the exchange of information and loss mitigation process.
Like many other jurisdictions, the Debtor must opt in to this program and Make a Motion to participate in the MMM. AS well, the Debtor must make adequate protection payments to the Creditor during the MMM process.
Our firm is familiar with this MMM process as it has been in place for several years in some of our other jurisdictions. If you have questions about the MMM program in Southern Ohio, please let us know. We would be happy to assist you with your MMM matters in the District.

Cincinnati Office 3962 Red Bank Road
Cincinnati, OH 45227

Cleveland Office 815 Superior Ave., Suite 1311
Cleveland, OH 44114

Indianapolis Office 9292 N. Meridian St., #208
Indianapolis, IN 46260

Kentucky Office 1212 Bath Ave., #535
Ashland, KY 41101

West Virginia Office 618 10th St. Suite 108
Huntington, WV 25701

California Online Privacy Protection Act

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