Chapter 3: Claims

Question 1

who are the only entities that can receive distributions from the BK estate?

Answer 1

entities that have filed claims

Question 2

Only (pre/post) petition claims are subject to discharge

Answer 2

pre

Question 3

when must have the holder of a claim in BK’s claim have arisen in order to see the benefit of any distribution from the BK estate?

Answer 3

pre-petition

Question 4

what is a proof of claim?

Answer 4

a written statement under penalty of perjury setting forth a CR’s claim

Question 5

is a filed claim presumed to be allowed or disallowed?

Answer 5

allowed

Question 6

what are the 2 types of rights that can result in claims in BK?

Answer 6

1. legal rights to payment

2. equitable rights that result in a right to payment