While we recognize there is an immediate crisis in the world, we cannot solve it alone. We, like most of you, are a small business. Implementing the global changes to calculations for a 7-year plan is a major undertaking but can (and will) be accomplished. That’s effectively one change. Minor form changes to the Official Forms can be handled in an expeditious manner as well.
But we must ask for your forbearance if local forms and plans are changed wholesale. We have an incredible staff of programmers, but our production capacity has limits. There are not any magical elves who come into our office every night and reprogram hundreds of thousands of lines of code. (The elves are evidently still too busy making shoes.)
We will do our best to keep up with changes required immediately by the CARES Act, but we need all our bankruptcy firms to actively communicate with their local judges and trustees about changes they will be making to their chapter 13 plans and local forms. We cannot have a repeat of December 2017 when dozens of districts rolled their own unique plans out based on the new national plan all at once.
We will gladly work with Judges and Trustees to get changes made in a timely fashion, but if they don’t need to be made all at once on a moment’s notice, the implementation would be a much smoother transition.
We appreciate your support over the years and thank you for making us feel like part of the Bankruptcy community. As we have been hearing a lot lately:
We’ll get through this together.