IMPORTANT NOTICE TO THE BAR AND PUBLIC CONCERNING FIRST AMENDED GENERAL ORDER ADOPTING LOSS MITIGATION PROGRAM AND PROCEDURES AND NEW LOCAL FORM, LOSS MITIGATION FINAL REPORT EFFECTIVE IMMEDIATELY
Please be advised that pursuant to a First Amended General Order adopting Loss
Mitigation Program and Procedures (LMP), dated May 29, 2012, the Board of
Judges for the United States Bankruptcy Court for the District of New Jersey has
approved revisions of the LMP at Sections VI. A.6 and VII.C.2 to require the filing
of a new Local Form, Loss Mitigation, Final Report .
The Loss Mitigation Parties shall file the Local Form, Loss Mitigation Final
Report within the time set by the Bankruptcy Court in the Loss Mitigation Order.
The debtor shall be responsible for submitting the Loss Mitigation Final Report,
but must do so on notice to and in cooperation with the creditor.
The Loss Mitigation Final Report must set forth the outcome of the loss mitigation
process in the particular case, including, but not limited to the terms of any loss
mitigation reached between the parties as identified in Section II of the LMP.