Anatomy of a Proof of Claim in Bankruptcy

Proof of Claims in Bankruptcy Cases

The proof of claim is the document indicating what a particular creditor is claiming that it is owed by a debtor. It is the starting point for receiving a share of any funds distributed by the bankruptcy trustee. The same proof of claim for applies to both Chapter 7 and Chapter 13 bankruptcy cases. In the case of a Chapter 7 bankruptcy case, creditors will only be advised to file proof of claims when indicated by the clerk of court that there may be assets to administer.

April 24, 2008 | Filed Under Law | Leave a Comment 

What is a Last Will and Testament?

A last will and testament is a legal form that will ensure your estate gets divided how you desire. The person who owns the estate (money and belongings) is called the ‘testator’. Without a will your estate is wide open to conflicts, problems, and lawsuits.

April 22, 2008 | Filed Under Law | Leave a Comment 

Independent Medical Examination (IME) - What Is It?

Independent medical examination (IME) is a fancy term for being examined by a doctor when you are involved in some kind of claim or lawsuit where your physical or mental condition or an injury is in dispute.

An Independent medical examination (IME) is an examination done by a doctor (usually hired by an insurance company) because you have a claim or lawsuit and there is a dispute of your physical or mental condition.

Personal injury lawsuit (as plaintiff);

New York No-Fault insurance claim (from a motor vehicle accident);

Worker’s Compensation claim; or,

Disability insurance benefits claim.

April 15, 2008 | Filed Under Law | Leave a Comment 

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