Originally posted by Lexie
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1. Creditors (and the Trustee) have 60 days from the originally 341 to file objections either under 523 or 727 (trustees and, to a lesser extent creditors, use 727).
2. If a creditor or the Trustee is not prepared to file a 523 or 727 by the 60th day they can request an extension of time for such a filing. The Motion to Extend must be filed within that 60 day limit and subsequent motions are not uncommon but should be objected to if unreasonable.
3. The 60 day rule has nothing to do with the filing of claims unless a claims bar date has been issued by the Court or the Trustee. If a claims bar date was issued then a creditor must file a claim by the bar date. Late claims will be paid only if there is money available after all timely claims are paid.
Des.
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