Trade Tip #1

Section 501 of the Bankruptcy Code expressly authorizes a creditor to file a proof of claim. With limited exceptions, a prepetition creditor that wishes to be eligible to receive a distribution from a debtor’s bankruptcy estate must file such a proof of claim.

Want to learn more? Read File Early and Often: Filing and Amending Claims in a Bankruptcy Case by Michael Schwarzmann and David Gottlieb.

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About Hajar Jouglaf

Hajar is an associate with Much Shelist in both its Business Transactions Group and its Restructuring & Insolvency Group.

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Hajar Jouglaf