Bankruptcy Proof of Claim
When a creditor receives notice that their debtor has filed bankruptcy, it should be reviewed to determine if a proof of claim needs to be filed.
Please see NCS’s Bankruptcy Search service if you need assistance confirming a bankruptcy.
A proof of claim is a document filed within the bankruptcy court that alerts the court, debtor, trustee and other interested parties that a creditor wishes to register a claim against the assets of the bankruptcy estate. This document is important because it provides proof that the claim is valid and owed and notifies the Trustee of the creditors claim as well as what class to associate the claim with.
Depending on the bankruptcy, a Bar Date may be set by the court. This date is a deadline to which all creditors must file their proof of claims within the bankruptcy court. It is critical that the proof of claim is filed correctly and timely, whether it’s secured or unsecured, to ensure creditors rights are preserved and maximize any possible distribution.
For more information on how NCS can assist in filing your bankruptcy proof of claim, and a quote, contact NCS today. Let us prepare, file and monitor for recorded proof of claim!