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What do I do when a creditor files a claim?
Am I supposed to file anything or do anything when an unsecured creditor files a claim? I just looked at my Pacer report and it shows that a person that filed a lawsuit against my business (which was out of business when they filed the lawsuit, but I put in in my BK anyways just to be sure that my...
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Lack of Claims from unsecured creditors
we have a lot of creditors that did not file claims, we are 9 months into a 3 year 10% plan, according to the 13 data center the trustee has paid out the 10% portion in claims that were filed, what happens to the rest of the money that I have to keep paying in for the next 2+ years? Do the unsecured...
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Value of Claimed Exemption.......???
I'm a bit confused on this and wanted to clarify.....in regards to schedule C
I'm going off of NOLO, which shows the same value in both the column for "value of claimed exemption" & "current value of property without deducting exemption", except for the example...
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Are intellectual property (royalties) considered a priority claim?
I receive royalties for a musical composition being sold by a company, they filed for bankruptcy and sent me a form to fill out to get paid...it ask me if its a secured or non secured debt...and it ask if its a priority...I gather its non secured...but I don't know if it's a priority and what paragraph...
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