What are the major changes under the bankruptcy reform act?
The Office of the United States Trustee oversees the administration of bankruptcy cases and is charged with ensuring the information contained in bankruptcy cases is accurate. The U.S. Trustee’s Office will conduct random audits of bankruptcy information to ensure accuracy. Debtors and their attorneys are required to check the bankruptcy information for accuracy, to disclose all required information, and can be held accountable for inaccurate information.
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