Asked by Janhi Amarè on Jun 19, 2024
Verified
A_________ is a document filed with a bankruptcy court by a creditor to inform the court of a claim against a debtor's property. It lists the creditor's name and address, as well as the amount that the creditor asserts is owed to the creditor by the debtor.
A) creditor's claim
B) proof of claim
C) creditor's petition
D) proof of collateral
Proof of Claim
A written statement filed by a creditor in bankruptcy proceedings detailing the claim against the debtor.
Bankruptcy Court
A specialized federal court that deals with matters pertaining to bankruptcy and insolvency laws.
Debtor's Property
Assets owned by someone who owes money to creditors, which may be subject to claims or liens to satisfy debts.
- Master the operational procedures and documents indispensable for filing a bankruptcy petition.
Verified Answer
AM
Alicia MarionJun 20, 2024
Final Answer :
B
Explanation :
A proof of claim is the correct term for a document filed in bankruptcy proceedings by a creditor, detailing the amount of debt the debtor owes to the creditor. This document is essential for the creditor to participate in the distribution of the debtor's bankruptcy estate.
Learning Objectives
- Master the operational procedures and documents indispensable for filing a bankruptcy petition.
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