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What is a Proof of Claim in Bankruptcy?

When a company or individual files for bankruptcy, all of their assets become property of the bankruptcy estate. This means that any creditors with unpaid claims against the debtor now have to file a proof of claim with the bankruptcy court in order to receive payment.

A proof of claim is simply a document that proves that you are owed money by the debtor. It must be filed with the court in order for you to have any chance of being paid back from the estate. Without a proof of claim, you will not receive anything even if there is money left over after all other debts have been paid.

Filing a proof of claim can be complicated, so it is important to understand all the requirements before trying to do it yourself. If you are unsure about anything, it is always best to consult with an attorney who specializes in bankruptcy law.

The Law Offices of Omar Zambrano has helped thousands of people and businesses in the past to get out of debt and start over.

Our goal is to help you can find a fresh start FAST!

Schedule your free consultation today! By Calling 626-338-5505 or visiting us at 12738 Ramona Blvd Baldwin Park CA 91706


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