Okay folks, this week I got a couple of questions about proof of claims. If you're not in the bankruptcy process, if you've never filed bankruptcy, if you've never been a creditor, this is how creditors get paid. They get a form from the court to fill in, sign, and send to the court with the proper documentation. It's called a proof of claim form (proof PR Oh Oh F). I will sometimes hesitate to say, in that proof of claim form, this form is the standard form set forth by the bankruptcy rules. You file with the Bankruptcy Court, and all it's asking you is, what is a proof of claim? Well, that's the form you use. What are you trying to do or what are you trying to seek to do? You're trying to seek to get paid as a creditor. Now, your proof of claim can either come in the form of a priority claim, a secured claim, or an unsecured non-priority claim. And just a quick rundown on what is the priority claim. Pretty much simple for most people: if you have taxes that you owe, let's say there are 940 or 941 taxes, if you have a domestic support obligation that you have to pay, that takes priority status. Secured creditors like car loans, mortgages, furniture payments, jewelry payments if you finance those things, and there's a lien on it, in other words, the secured creditor has the ability to repossess the collateral, then there's a lien on it, and if it's properly perfected, which they usually are, sometimes they're not, but if they are, then that creditor is a secured creditor. They're entitled to be paid as a secured creditor throughout the bankruptcy process. The lowest guy in the pole or the lowest guy...
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Proof of claim example Form: What You Should Know
Proof of Claim — Bankruptcy Court Any bank, credit union, or similar institution that files a bankruptcy claim on behalf of a debtor is responsible for filing the claim. Each bank or credit union is liable for the amount of any claim that is submitted for payment by that creditor at the request of the court. If the debtor has an individual bankruptcy, the bank must fill In order for the debtor to become able to file a personal bankruptcy. The bank must fill the first section of this form Claim Form — Proof of Claim Proof Of Claim — Bankruptcy Court This form is for making a claim for payment in a bankruptcy case. Example, a mortgage, lien, certificate of title, financing statement, or bond for the purchase of real estate. All claims must be in writing. Proof Of Claim — Bankruptcy Court Proof of Claim This is an Official Bankruptcy Form. Official Bankruptcy Forms are approved by the Judicial Conference and must be used under Bankruptcy Rule Claim Form — Proof of Claim A proof of claim is a required document in any case for which a claim for payment from the estate is being processed. The creditor must submit the proof of claim to the court so that the claim can be processed. This form is for making a claim for payment in a bankruptcy case. Example, a mortgage, lien, certificate of title, financing account, documentary evidence such as mortgage records, contract of sale, and tax returns, or other documents of record. Each claim must be in writing. Proof Of Claim — Bankruptcy Court This is an Official Bankruptcy Form. Official Bankruptcy Forms are approved by the Judicial Conference and must be used under Bankruptcy Rule Claim Form — Proof of Claim Proof Of Claim This is an Official Bankruptcy Form. Official Bankruptcy Forms are approved by the Judicial Conference and must be used under Bankruptcy Claim Form — Proof of Claim A proof of claim is a document used by a creditor for the purpose of obtaining payment from the debtor's estate. It is signed in the presence of the authorized officer of the creditor. The proof of claim must contain the name of a debtor as well as the amount of the claim and the address where mailing materials can be sent to the debtor. A filing fee for this form may be required by the court.
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