| Proofs of Claim |
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| A proof of claim is the primary method creditors have of receiving funds in a bankruptcy proceeding. A proof of claim is a statement filed with the bankruptcy court listing debts owed by the debtor to a particular creditor. Proofs of claim should be filed with the court as early in the bankruptcy proceeding as possible.More... |
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| Social Security and other benefits, Retirement Accounts in Chapter 7 |
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| What is Chapter 7 bankruptcy?More... |
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| Trustees |
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| A trustee is the representative of the estate in a bankruptcy case and has the capacity to sue and be sued. Trustee is the term used for several different roles in the bankruptcy process. More... |
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| Adversary Proceedings |
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| Under Bankruptcy Rules, an adversary proceeding may be filed in a debtor's bankruptcy action for certain specific reasons. Creditors may initiate adversary proceedings to determine the validity or priority of a lien, to determine the validity of a debt, to obtain an injunction, or to subordinate a claim of another creditor.More... |
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| Setoffs in Bankruptcy |
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| Setoff is an equitable right of a creditor to deduct a debt it owes to the debtor from a claim it has against the debtor arising out of a separate transaction. The Bankruptcy Code is not an independent source of law that authorizes a setoff; it recognizes and preserves rights that exist under non-bankruptcy law.More... |
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