Filing a Proof of Claim in Bankruptcy Court in Texas
In order to determine the amount of what is due from the borrower, a proof of claim is filed to the bankruptcy court. A proof of claim is a written statement that notifies the bankruptcy court, the debtor, the trustee, and other interested parties that a creditor wishes to assert its right to receive a distribution (pay out) from the bankruptcy estate. The deadline for filing a proof of claim for non-governmental creditors in a Chapter 7 or Chapter 13 bankruptcy case is 90 days after the first meeting of the creditors. It is important to file a proof of claim on a mortgage or you may not be able to recover the arrears, late fees, attorney’s fees, or any other pre-petition fees, expenses, or charges you are entitled to. This can be a devastating loss if not handled properly.
Objection to Proof of Claim in Bankruptcy Court in Texas