IMPLICATIONS OF RULE 3003 (FILING PROOF OF CLAIM IN CHAPTER 11 REORGANIZATION CASES)

By: Andrew L. Unterlack, Esquire Eisenberg, Gold & Agrawal, P.C. The generally followed “best practice” is for a Creditor to always and immediately file a Proof of Claim in all Chapter 7 (Asset Cases), Chapter 11 and Chapter 13 proceedings. However, is the filing of a Proof of Claim required to protect and preserve the […]