What is a lender’s proof of claim in Chapter 13 Bankruptcy?

A creditor’s proof of claim in Chapter 13 Bankruptcy is a document that is filed by the creditor to the bankruptcy court. This document states the amount of money that the creditor is owed by the debtor. The proof of claim must include information about the debt, such as the date on which it was incurred, the amount due, and any other relevant information. This proves that the creditor is owed money by the debtor, and it allows the court to accurately determine the amount of money the debtor must pay in order to complete the bankruptcy filing. In West Virginia, creditors must file their proof of claim within ninety days of the filing date for the debtor’s Chapter 13 Bankruptcy filing. Any claims not filed during this period will not be considered by the court. Furthermore, creditors must also provide any additional documentation that the court requires in order for the court to determine the amount of money owed and how it should be paid. The court can also make adjustments to the proof of claim if it is incorrect or unclear. In general, a lender’s proof of claim is an important document for any Chapter 13 Bankruptcy filing in West Virginia. It helps the court accurately determine the amount that the debtor must pay, as well as who is due money. It is important for creditors to provide detailed and accurate information in the proof of claim in order for the court to process the filing in a timely manner.

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What is a lender’s proof of claim in Chapter 13 Bankruptcy?

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