
A proof of claim is a document that a creditor prepares and files with the Bankruptcy Court that sets forth the creditor’s claim and right to receive a distribution in a bankruptcy case. To be effective, the proof of claim must be properly prepared, conform to the Court’s official form, and as necessary, contain adequate supporting information. The purpose is to provide notice of a creditor’s claim to parties in the case. In many bankruptcy proceedings, a creditor will not receive a distribution without having properly and timely filed claim.
Consequences of Not Filing a Proof of Claim
A creditor
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