Which of the following is true about "proof of claims?"
A) They must be filed by both secured and unsecured creditors in order for the creditor to receive a distribution from the bankruptcy estate.
B) They need not be filed by secured creditors whose security covers the amount of their debt.
C) They are never used by secured creditors.
D) They can generally be filed any time within 1 year of the filing of the bankruptcy petition.
Correct Answer:
Verified
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