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FORM B PROOF OF CLAIM BY OPERATIONAL CREDITORS EXCEPT WORKMEN AND EMPLOYEES (Under Regulation 16 of the Insolvency and Bankruptcy Board of India (Voluntary Liquidation Process) Regulations, 2017)
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How to fill out proof of claim by

01
To fill out a proof of claim form, follow these steps:
02
Obtain the proof of claim form from the appropriate entity, such as a bankruptcy court or claims administrator.
03
Read the instructions carefully to understand the information required and any specific guidelines.
04
Provide your personal information, including name, address, and contact details.
05
Identify the bankruptcy case number and court where the case is filed.
06
Specify the type of claim being filed, such as a secured, unsecured, priority, or administrative claim.
07
Provide supporting documentation or evidence to substantiate the claim, if required.
08
Calculate and state the total amount of the claim, including any accrued interest or fees.
09
Indicate whether you are requesting a jury trial or not.
10
Sign and date the proof of claim form.
11
Submit the completed form within the specified deadline and by the designated filing method.
12
Keep copies of the filled-out form, supporting documents, and proof of submission for your records.

Who needs proof of claim by?

01
Proof of claim forms are necessary for individuals or entities who have a legal right to make a claim in a bankruptcy case.
02
Some common examples of who may need to fill out a proof of claim form include:
03
- Creditors who are owed money by a debtor in a bankruptcy case.
04
- Employees who are seeking unpaid wages or benefits from an employer in bankruptcy.
05
- Suppliers or vendors who are owed unpaid invoices or outstanding debts.
06
- Contractors who have provided services or goods but have not been paid.
07
- Individuals or businesses who have suffered losses due to a bankruptcy proceeding and seek compensation.
08
It's important to refer to the specific instructions and requirements provided by the bankruptcy court or claims administrator to determine who needs to file a proof of claim form in a particular case.
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Proof of claim is a formal request made by a creditor in a bankruptcy case to receive payment for a debt owed by the debtor.
Creditors who believe they are owed money by the debtor must file proof of claim in a bankruptcy case.
Proof of claim forms can be obtained from the bankruptcy court's website or office, and must be accurately completed with information about the creditor, the amount owed, and any supporting documentation.
The purpose of proof of claim is to ensure that creditors have the opportunity to receive payment for debts owed to them by the debtor in a bankruptcy case.
Proof of claim forms typically require information such as the creditor's name and address, the amount of the debt, the basis for the claim, and any relevant supporting documentation.
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