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Understanding the New Bankruptcy Proof of Claim Form - Webinar

  • ID: 4227692
  • Webinar
  • July 2018
  • Region: Global
  • 90 Minutes
  • Lorman Business Center, Inc.
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Gain an understanding of what the differences are compared in the old and new forms for a proof of claims.

On April 1, 2016, the Judicial Conference adopted a new proof of claim form (Form Number B410) which replaced the old form B10 which had been in use since April 2013 to be used in bankruptcy cases through the country. The changes doubled the length of the form and now include many new questions concerning the formulation and basis for the asserted claim. This material will explore the major differences between the new and the old forms as well as discussing how to properly complete the form and the many pros and cons associated with filing a claim.

Learning Objectives
  • You will be able to recognize the advantages and disadvantages associated with filing a proof of claim.
  • You will be able to discuss when the filing of a proof of claim is necessary.
  • You will be able to explain the steps necessary for you or your client to prepare a proof of claim form.
  • You will be able to review a completed proof of claim form.
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  • Brief Overview of the Bankruptcy Process
  • Importance of Filing a Proof of Claim and Role of the Proof of Claim Form
  • Effects of Creditor's Failure to File a Proof of Claim
  • Old Proof of Claim Form and Frequent Related Issues
New Proof of Claim Form
  • Overview - Where to Find and When/Where to File
  • Differences Compared to Old Form
  • How to Complete the New Form
  • Key Points of the New Form
  • Claim Classifications
  • Requisites for Proving a Claim Including Supporting Documentation
  • Common Pitfalls
  • Keys for Filing and Substantiating a Successful Claim
Other Common Issues
  • Assignment/Transfer of Claims
  • Filing Logistics (Including Electronic vs. Paper Filing and Filing With BR Court vs. Filing With Claims Agent)
  • Addressing and Overcoming Claim Objections
  • Timeliness and Late Claims
Key Takeaways for Creditors
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Louis J. Cisz, III - Nixon Peabody LLP, Lee Harrington - Nixon Peabody LLP
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This webinar is designed for attorneys, credit and collection managers, presidents, vice presidents, business owners and managers, lending professionals, bankers and accountants.
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