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Understanding the New Bankruptcy Proof of Claim Form

presented by Lorman Education Services
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Understanding the New Bankruptcy Proof of Claim Form

Workshop Description/Agenda

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.

Introduction • 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

Louis J. Cisz, III with Nixon Peabody LLP and Lee Harrington with Nixon Peabody LLP

CLE (Please check the Detailed Credit Information page for states that have already been approved) ,Additional credit may be available upon request.

Who Should Attend

This live webinar is designed for attorneys, credit and collection managers, presidents, vice presidents, business owners and managers, lending professionals, bankers and accountants.

Additional Information

Training Provider: Lorman Education Services

Course Topics: Law Training > Bankruptcy/Collection

Training Course Summary: Understanding the New Bankruptcy Proof of Claim Form

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On-Demand Webinar Details

Recorded on 7/18/2018