Post Tagged with: "creditor"

Filing a proof of claim in a bankruptcy case

Filing a proof of claim in a bankruptcy case

What is a Proof of Claim? A proof of claim is a document that a creditor prepares and files with the Bankruptcy Court that sets forth the creditor’s claim and right to receive a distribution in a bankruptcy case. To be effective, the proof of claim must be properly prepared, […]

By September 7, 2015 Proof of Claim
Creditor receivership in Arizona

Creditor receivership in Arizona

In Arizona, a creditor can seek a receivership to “protect and preserve property or the rights of parties therein” usually in relation to an operating business that is having financial difficulties, where assets are being wasted, and/or where there are concerns regarding fraud. Ariz. Rev. Stat. Ann. § 12-1241.  A […]

By July 5, 2015 Business, Receivership
Rights that a bankruptcy creditor can pursue

Rights that a bankruptcy creditor can pursue

Bankruptcy can be the end of a creditor’s attempts to collect a debt.  Yet, often a bankruptcy creditor will work to take possession of collateral or to receive a distribution through the bankruptcy case.  Since a bankruptcy filing triggers an automatic stay that requires strict adherence, it is important that […]