Legal Commentary and Current News

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SDNY Loss Mitigation Program effective 1/5/09

General Order M-364.pdf
Loss Mitigation Procedures.pdf
Loss Mitigation Request-- by the Debtor.pdf
Loss Mitigation Request-- by the Creditor.pdf
Loss Mitigation Order.pdf

Legal Commentary and Current News

Announcements re: Chrysler LLC and General Motors Corporation:

All documents in the General Motors Corporation bankruptcy case should be filed and viewed on http://ecf.nysb-mega.uscourts.gov

The lead case is: In re General Motors Corporation, 09-50026; parties filing documents (e.g., notices of appearance) should do so in the lead case only.

All documents in the Chrysler bankruptcy case should be filed and viewed on http://ecf.nysb-mega.uscourts.gov

The lead case is: In re Chrysler LLC, 09-50002; parties filing documents (e.g., notices of appearance) should do so in the lead case only.

The United States Bankruptcy Court for the Southern District of New York is pleased to announce a pilot project to make digital audio recordings of court proceedings relating to Chrysler LLC, 09-50002, and General Motors Corporation, 09-50026, publicly available online. The audio files are accessible through the Public Access to Court Electronic Records (PACER) system. Registration for PACER access may be obtained at www.pacer.psc.uscourts.gov

Please remember that these digital recordings are copies of court proceedings and are provided as a convenience to the public at the cost of $0.08 per audio file. In accordance with 28 U.S.C. § 753 (b) "no transcripts of the proceedings of the court shall be considered as official except those made from the records certified by the reporter or other individual designated to produce the record." A list of approved transcription companies can be found on the court's website.

"Cram Down" rejected by U.S. Senate - Cram Down article pdf.

Announcement- SDNY (White Plains)-

Effective May 1, 2009, Honorable Adlai S. Hardin, Jr. will retire and Honorable Robert D. Drain will assume responsibility of all cases in White Plains. Judge Drain will not relocate permanently to the White Plains courthouse until a chambers and courtroom are prepared. Judge Drain will preside over all chapter 13 confirmation hearings in White Plains but all other cases will be heard in Manhattan until further notice.

Loss Mitigation hearings for White Plains chapter 13 cases will be held at 300 Quarropas Street, White Plains, NY 10601, Courtroom to be assigned. For White Plains Chapter 7 cases, temporarily, hearings will be held at One Bowling Green, New York, New York 10004.

Please check back for updates.