A proof of claim is a crucial component of the bankruptcy process that allows creditors to assert their right to payment from the debtor’s bankruptcy estate.
Tag: property of the estate
Bankruptcy and inheritance
Bankruptcy and inheritance in Chapter 13 bankruptcy: If you receive an inheritance while you are in the midst of a Chapter 13 bankruptcy repayment plan, most courts will require that you pay this amount into your Chapter 13 plan. In a Chapter 13 bankruptcy case you propose a plan to repay your creditors over a… Continue reading Bankruptcy and inheritance