| Bankruptcy Information |
Filing a Proof of Claim in a U S Bankruptcy Filing a Proof of Claim in a U S Bankruptcy A proof of claim is a creditor’s written statement filed in a bankruptcy case for purposes of showing the basis and amount of the creditor’s claim against the debtor Although the filing of a proof of claim is permissive among the reasons for doing so are to share in any distribution of the estate’s assets make others aware of claims against the estate make the debtor aware of claims against the estate vote for the election of a trustee in cases under chapters or establish claimant’s entitlement to receive notices from the court or the parties relating to the bankruptcy case and participate in and vote for a Plan of Reorganization Certain creditors do not have to file proofs of claim to participate in a bankruptcy case For example lien holders and other secured creditors do not have to file a proof of claim in order to have their liens preserved in a bankruptcy case In addition in chapter cases claims and interests listed in the schedules filed by the debtor are deemed to be allowed unless such claims
The Trumbull Group Griffin Road North Windsor CT Email For general information Toll Free TRUMBULL Phone Fax For information regarding a specific bankruptcy case Please call the number listed on the case information page for that case copyright All Rights Reserved The Trumbull Group and the The Trumbull Group logo are registered service marks of The Trumbull Group L L C
LAWDOG BANKRUPTCY CHAPTER Proof Of Claim LAWDOG is intended to assist in the understanding of basic concepts See Disclaimer Always obtain legal advice from legal professionals A Proof Of Claim is a document filed with the Bankruptcy Court and used to substantiate the claim of a creditor It is generally filed by a creditor and it may determine if an unsecured creditor will be paid and the amount of such payment In the case of a secured creditor the failure to file a Proof Of Claim generally may not affect that creditor's security interest in the collateral See Section reproduced for illustration purposes only Unsecured creditors with claims against the debtor must file a Proof of Claim with the court within days after the first date set for the meeting of creditors A governmental unit may file until the expiration of days from the date the case is filed An unsecured creditor in a Chapter bankruptcy must file a proof of claim to participate in a distribution Compliance within the deadline is generally strictly required If an unsecured creditor fails to file a Proof Of Claim before the last date to file it may lose its right to be
Bankruptcy claim
Bankruptcy claim form proof
Bankruptcy claims