CARES Act Official Bankruptcy Form Amendments

On March 27, 2020, Congress passed and the President signed the Coronavirus Aid, Relief, and Economic Security Act ("CARES Act") into law. Section 1113 of that legislation made several changes to the Bankruptcy Code, most of them temporary, to provide financial assistance during the coronavirus crisis. The CARES Act is effective April 2020.

The enactment of the CARES Act requires one-year amendments to five official forms to account for a new definition of "debtor" applicable to subchapter V of chapter 11 and a new exclusion from the definitions of "current monthly income" and "disposable income." Because the Act took effect immediately upon enactment and its bankruptcy provisions are of limited duration, the Advisory Committee on Bankruptcy Rules has exercised the authority delegated to it by the Judicial Conference to make conforming technical changes to five bankruptcy forms (Official Forms 101, 122A-1, 122B, 122C-1, and 201).

• Official Form 101 – Voluntary Petition for Individuals Filing for Bankruptcy
• Official Form 201 – Voluntary Petition for Non-Individuals Filing for Bankruptcy
• Official Form 122A-1 – Chapter 7 Statement of Your Current Monthly Income
• Official Form 122B – Chapter 11 Statement of Your Current Monthly Income
• Official Form 122C-1 – Chapter 13 Statement of Your Current Monthly Income and Calculation of Commitment Period