One of the first things you as a creditor should do when you receive notice that a customer has filed bankruptcy is to file a proof of claim. The Proof of Claim form (Official Form 10) often accompanies the notice of the commencement of the case, and can also be found at the Court’s website. […]
Planning Ahead When Filing for Bankruptcy
Rare is the case where a business owner or an individual doesn’t know s/he’s in trouble and that filing for bankruptcy is an option. All too many people ignore the signs and wait until the last minute when the IRS is knocking on the door about to shut the business down, or the bank is […]
Options for Creditor in Bankruptcy Case
This is the second in a series of posts, where we will look at various options for the creditor in a bankruptcy case. These are just designed to let you know what remedies might be available to you. Regardless of what type of bankruptcy was filed, you must immediately cease any and all collection efforts […]