A creditor must only file a proof of claim if the bankruptcy trustee does not know of the existence of the claim.

Name: A creditor must only file a proof of claim if the bankruptcy trustee does not know of the existence of the claim.
Brand: Quizplus
Rating: 4.9 (51 reviews)

Question

Quizplus · Accepted Answer

A creditor must file a proof of claim even if the bankruptcy trustee knows about the claim. It is the creditor's responsibility to file the proof of claim to ensure that they receive a portion of the debtor's assets.

A Creditor Must Only File a Proof of Claim If