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Bankruptcy Court Form Claim

Bankruptcy Court Form Claim

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Quick guide on how to complete bankruptcy court form claim

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Instructions and help about Bankruptcy Court Form Claim

what is a proof of claim in bankruptcy let's talk about it hi i'm attorney leroy roberson back again and proof of claims come into play in both chapter 7 and chapter 13 bankruptcies but in chapter 7 cases they only come into play when there is an asset case which means that there's assets that the that you have that you're not able to fully exempt so there's either money that's available that you're going to have to pay to keep that asset or they're going to sell that asset to pay off creditors so that's when a proof of claim is going to come to play in a chapter 7 case and let's start there so basically a proof of claim is when a creditor they have to file a claim saying that you owe them x amount of money and they have to show proof that you owe them the money and that's the only way that these creditors can get paid in this bankruptcy process so they have to file a claim and that amount could be

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