Definition of bankruptcy claim holder

Filing bankruptcy there is often confusion about what to pay creditors. Sometimes two creditors can even claim that you are to pay a debt. The holder is entitled to a liability to pay the creditors in the bankruptcy. Types of staff BankruptcyThere are two types of bankruptcy under USA, Chapter 7 Chapter 13 bankruptcy code. Chapter 7 is to sell your real estate assets to pay your creditors liquidation of the estate. Chapter 13 implements a repayment long-term plan over a period of three to five years if payments to a trustee shall be made payments to creditors.How BankruptcyIt file of a bankruptcy attorney enables distributed. A bankruptcy lawyer can help decide the bankruptcy what chapter files and create a file with the court.What bankruptcy petition is an application for bankruptcy? When you file bankruptcy, you should notify your creditors through a matrix of bankruptcy. In turn, creditors can file a proof of claim in the bankruptcy court. This statement contains the total amount, creditors of think that they are due and no evidence for this claim including statements of account or bills.Who organized a complaint? The perpetrators are law or overdue projects are sometimes bought and sold by the collecting societies. Once an application is bought, are the company collection then the entitled or "Owner" of the claim. The collection company may then file a claim against you in your bankruptcy case. This can be confusing because the name of the creditor during different debt claim will be a proof of claim in the Court istKonkurs, you allow same.Objecting ClaimOnce, owner of the application file shall examine this request and determine whether you einverstande with the requestn. you have a right of opposition to the application file and have a final as to whether decision if included in your plan to bankruptcy judge the application is.