Amended Bankruptcy Rule 3007

Law360, New York (December 10, 2007, 12:00 AM EST) -- Almost every attorney that has represented a creditor in a large Chapter 11 case has had the displeasure of combing through an omnibus objection to claims filed by the debtor or other objecting party. Page after page of data may or may not reveal the existence of a client's claim. The failure to locate a claim in an omnibus objection can lead to the claim being disallowed.

The frequent occurrence of creditors failing to respond to omnibus objections, and the resulting disallowance of their claims, led...
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