Good day, this is one meal on asset losses of funding on tasks set. Another three eight eight zero four eight eight one. And today's question is, what is a proof of claim and why do I care? Well, alright, proofs of claim are sort of what it sounds like. If you have a claim for a debt in someone's bankruptcy case, then you file a proof of claim. That is evidence that the debt is crying, it exists, and that the debtor in bankruptcy owes you money. You see, in Chapter seven, usually individuals file what we call for liquidation of the assets that are not exempt. In other words, if they have something that is not protected by law, it's not exempt, then the trustee takes it, sells it, and any money that they get, they distribute to the creditors depending on where the creditors end up on a priority list. They're either secured creditors, priority unsecured creditors, or certain tables. So, depending on where the creditor lives, they may get a 100% payout, they may get 0%, or they may get somewhere in between. Now, why is a proof of claim important to you? Because if you get a notice from the Bankruptcy Court from a trustee that there are assets in a case, if you don't file a proof of claim, you're not going to be paid out of any money that's available. So, it's very important that you talk to a lawyer or, at the very least, do some research and file your proof of claim. In a Chapter 13 case, once you're notified that someone is going to reorganize their debt, again, you have a deadline by which to file a proof of claim in order to be considered part of the debt that...
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Official 410 proof of claim Form: What You Should Know
Bankruptcy Petition, within 30 days of the filing date of the bankruptcy case. The form contains the name of the debtor, address and the filing reference number (FSN). The claim must reflect all information contained in the Bankruptcy Petition, which must be the case in which the claim is made. You may wish to contact the bankruptcy attorney's office with questions about how you file a claim form. Form B1-A: Bankruptcy Plan Request — Request form to file a claim to pay creditors and other claims made by creditor(s) against debtor (bonded); includes name of debtor, address, name(s) and address(BS) on the original bankruptcy plan(s). Note that the plan should be signed by the named representative. The plan must include the claim form(s) that were prepared by the Attorney General's Office. This form is for filing the final claim in the bankruptcy case in order to get partial payment of the estate tax liability. Form B1-A: Filing Date Request- Request of filing date to file a claim to make partial payment of the estate tax liability. Request of Filing Date Filed- Proof of claim form (original or copy), including original filing date on the original filing date(s). Filing Date Filed-Proof of claim form on original filing date(s)- Copy of original claim Form 1144, “Death Certificate” or the original death certificate, or the notice of death of the deceased, must be obtained. File Claim — Claim Form A Claim Form must be completed and filed on the same day or within three (3) business days of the bankruptcy judge's order. See Notice to Claimant in the Bankruptcy Form. Proof of Claim — Filing Date Filed — A claim may be required to provide information that, in the bankruptcy process, is not provided by the original or the filed bankruptcy plan. This information may include: (1) payment instructions, including the amount to be paid to each creditor and (2) payment instructions to the trustee(s) for a loan or other extension of credit. Claim Form– Request For Filing Date A claim must be completed and filed on the same day or within three (3) business days of the bankruptcy judge's order in order to receive the payment (partial payment) that is available from the estate tax liability.
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