Bankruptcy Blog

What is a Proof of Claim in Bankruptcy?

Though it is possible for certain debts to be discharged when you file for bankruptcy, there are also cases in which creditors are paid the money they are owed – or at least a portion of it. If you file for Chapter 13 bankruptcy, you will pay your creditors back through a repayment plan that is arranged by the court. In Chapter 7 bankruptcies, assets that are not exempt are...
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