Get the free Proof of Claim and Release form - ShengdaTech Securities

UNITED STATES DISTRICT COURT SOUTHERN DISTRICT OF NEW YORK In re SHENGDATECH, INC. SECURITIES LITIGATION This Document Relates To: ALL ACTIONS. X : : : : : x Master No. 1:11cv01918LGS CLASS ACTION

How to fill out proof of claim and

How to fill out proof of claim and:

1. Start by obtaining the correct form: The proof of claim form can usually be found on the website of the court handling the bankruptcy case. You can also contact the court directly to request a copy of the form.
2. Provide essential information: Fill in all the necessary details about the debtor, including their name, address, and contact information. Make sure to accurately state the case number and the name of the court where the bankruptcy case is being heard.
3. Specify the type of creditor: Indicate whether you are a secured, unsecured, or priority creditor. Each category has different rights and preferences when it comes to recovering funds from the debtor's assets.
4. Explain the basis for your claim: Clearly state the reasons behind your claim and provide supporting evidence if applicable. This may include invoices, contracts, or any other relevant documentation that proves the existence and amount of the debt owed.
5. Calculate the amount of your claim: Carefully calculate the total amount owed, including any accrued interest, fees, or expenses. Make sure to double-check your calculations to avoid any errors.
6. Sign and date the form: Ensure that you sign and date the proof of claim form, as any unsigned claims may be deemed invalid.

Who needs proof of claim and:

1. Creditors in bankruptcy cases: Proof of claim forms are typically required for creditors looking to recover funds from a debtor who has filed for bankruptcy. This includes both individuals and businesses that are owed money by the debtor.
2. Secured creditors: Secured creditors hold a legal interest in specific assets of the debtor as collateral for the debt owed. They will need to file a proof of claim to establish their rights to those specific assets during the bankruptcy proceedings.
3. Unsecured creditors: Unsecured creditors do not hold any collateral against the debt owed. They will need to file a proof of claim to have their debt officially recognized and to potentially receive a distribution of funds from the debtor's assets, depending on the outcome of the bankruptcy case.
4. Priority creditors: Priority creditors have a higher legal standing compared to other unsecured creditors. They are entitled to be paid before other general unsecured creditors, and therefore, they must file a proof of claim to assert their priority status.

In summary, anyone who is owed money and wants to participate in the bankruptcy case must fill out a proof of claim form. It is important to carefully follow the instructions and provide accurate information to ensure that your claim is properly considered by the court.

For pdfFiller’s FAQs

What is proof of claim and?

Proof of claim is a formal document filed by a creditor in bankruptcy proceedings asserting a right to payment from the debtor's assets.

Who is required to file proof of claim and?

Any creditor who believes they are owed money by the debtor and wants to participate in the distribution of assets must file a proof of claim.

How to fill out proof of claim and?

Proof of claim forms can usually be obtained from the bankruptcy court handling the case, and must be filled out accurately with details of the debt owed.

What is the purpose of proof of claim and?

The purpose of proof of claim is to ensure that creditors have an opportunity to assert their claims and receive their share of the debtor's assets in an orderly and fair manner.

What information must be reported on proof of claim and?

Basic information such as the creditor's name and address, the amount owed, and any supporting documentation must be reported on a proof of claim form.

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