It is not uncommon for a creditor to sell its claim to another creditor, or for a creditor to change its name or address. When the Trustee receives information that a creditor has changed its name or address, the Trustee will send you and your attorney a notice that is similar to a NIPC, but
As noted, creditors have 90 days after the 341(a) meeting to file their claims for payment, and then the Trustee will send you a NIPC listing all claims filed. Any time the Trustee receives a conformed copy of a claim after the initial NIPC, she will send you an updated notice called the ‘Amended Notice
After the claims bar period expires, a Notice of Intent to Pay Claims (NIPC) will be sent by the Trustee to you and your lawyer. The NIPC will be based on the claims register from the Court and any conformed proofs of claim received by the Trustee. The NIPC will list all creditors who have
The Clerk of the Bankruptcy Court sent you a blank “proof of claim” form with the notice of the bankruptcy case. If you did not receive one or have misplaced it, you can obtain blank forms from the Clerk of the Court. Check with your attorney; he or she may also have claim forms available.
Interest is paid at the rate specified in the debtor’s plan. If no interest is specified, no interest will be paid. Contact an attorney for more information.
Yes. Contact your attorney to assist you in dealing with the claim. Unless the claim is withdrawn by the creditor or disallowed by the judge, the Trustee has no choice but to pay the claim. Calling or writing to the Trustee has no effect: either (1) the creditor must amend or withdraw its claim, or
The plan payments you send to the Trustee are used to pay your creditors, as well as your attorney and the Trustee. So that you will have some idea how your creditors are paid, you should know that there are three (3) basic types of claims: priority, secured, and unsecured. First, the Trustee pays creditors