Question: This statement is FALSE - Correct in a short sentence ' In the case of a Chapter 7 filing, a creditor may still pursue a

This statement is FALSE- Correct in a short sentence 'In the case of a Chapter 7 filing, a creditor may still pursue a debtor so long as a "notice to collect" has been filed prior to the Chapter 7 filing. False. A creditor holding an unsecured claim will get a distribution from the bankruptcy estate only if the case is an asset case and the creditor files a proof of claim with the bankruptcy court.

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related General Management Questions!