Disclosure And Proof-Of-Claim Issues For Claim Buyers

Law360, New York (January 22, 2014, 3:12 PM EST) -- Any purchaser of claims against a person or entity in bankruptcy will need to address two fundamental questions. One is — how do I notify the debtor and the court that I now hold a claim against the debtor? The second is — what do I have to disclose in order to ensure that my claim is allowed and I am not subject to future inquiry? This article addresses these questions.

Filing the Proof of Claim

A creditor may recover only on account of an “allowed”...
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