QUESTION
How do I determine if I am due any money?
Asked on Aug 30th, 2014 on Bankruptcy - California
More details to this question:
I was a customer of an electric company and I received bankruptcy forms to fill out. How do I find out if I am due any money?
2 ANSWERS
Fill out the form and submit it. Answer all relevant questions.
Answered on Sep 03rd, 2014 at 4:37 PM
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If the notice you received asks you to file a proof of claim, you should do so. If the case is a Chapter 7, you will not know if there is any money for creditors until the trustee has completed the liquidation of the assets. If it is a Chapter 13, you should receive a plan which will indicate what percentage of your claim you should receive. If it is a Chapter 11, you will not know about any recovery until such time as you receive a plan and disclosure statement in the mail. These documents will tell you what the pay-out is anticipated to be.
Answered on Sep 02nd, 2014 at 11:26 AM