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In a Chapter 11 bankruptcy, does this document (text below)

In a Chapter 11 bankruptcy, does this document (text below) mean the "Bank of Big" is giving up all claim to the note and the collateral, and making Shaky Financial the beneficiary, no matter what happens in the bankruptcy?United States Bankruptcy CourtCentral District of CaliforniaCase No. 1:16-bk-12345-WBChapter 11In re: Debtor(s) (including Name and Address)John Doe*****Levitown, PANOTICE OF TRANSFER OF CLAIM OTHER THAN FOR SECURITYThe Claim No(s). listed below was/were filed or deemed filed under 11 U.S.C. § 1111(a) in this case by the alleged transferor. As evidence of the transfer of that claim, the transferee filed a Transfer of Claim Other than for Security in the clerk's office of this court on 05/02/2016.Name and Address of Alleged Transferor(s):Claim No. 2:The Bank of Big, Trustee,c/o Subservicer, Inc.,P.O. Box 555, Dallas, TexasName and Address of Transferee:ShakyFinancial LLCPO Box 999Rapid City, SD-- DEADLINE TO OBJECT TO TRANSFER --The alleged transferor(s) of the claim is hereby notified that objections must be filed with the court within twenty-one (21) days of the mailing of this notice. If no objection is timely received by the court, the transferee will be substituted as the original claimant without further order of the court.Date: 05/05/16 Janet J. JonesCLERK OF THE COURT

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Maverick

Doctoral Degree

 
5,246 satisfied customers
Looking at my options to file ! : No. I was just doing

Looking at my options to file for bankruptcy!JA: The Bankruptcy Lawyer will need to help you with this. Have you consulted a lawyer yet?Customer: No. I was just doing research on it firstJA: Please tell me everything you can about this issue so the Bankruptcy Lawyer can help you best. Please give me a bit more information, so we can help you best.Customer: I have over 19,000 dollars in credit card debt, student loans, personal loans, I recently bought a house with my ex and I am no longer living there so I go a place I could not afford and started paying bills and using my credit cards for help, now I am struggling paying it back and falling behind on rent and car psymentsJA: OK. The Bankruptcy Lawyer will need to help you with this. Is there anything else important you think the Bankruptcy Lawyer should know?Customer: Like?JA: OK. Got it. I'm sending you to a secure page on JustAnswer so you can place the $5 fully-refundable deposit now. While you're filling out that form, I'll tell the Bankruptcy Lawyer about your situation and then connect you two.

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I am the debtor in a Chapt-13 petition (60 month proposed

I am the debtor in a Chapt-13 petition (60 month proposed plan). One of the creditors filed a proof of claim (POC) and it is now in current adversary proceeding (AP). During the AP's initial discovery, it has been disclosed that the attorney and his law firm who filed the Proof of Claim, had no legal capacity to have done so for the creditor. (Q1) I understand I can file with the Court an objection to any POC, presumably at any time? (Q2) If the Court agrees the POC is "null and void"...what becomes of the current AP matter? Is it dismissed as no foundation was filed? (Q4) Does it become res judicata for the creditor as to any future claim against me... as they hired/retained wrongly with the attorney? Thanks.

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5,052 satisfied customers
I have the following question:Facts: (1) My corporation

I have the following question:Facts:(1) My corporation filed a voluntary Chapter-11 in December of 2012(2) My late father's estate (obviously a related party) was an unsecured creditor(3) The deadline to file a claim in this case would have been sometime in early 2013(4) As it turns out, the estate DID NOT file a proof of claimQuestion:Since the estate did not file a proof of claim by the 2013 deadline, can the estate deem their unsecured debt as an uncollectible debt in 2013? The estate had taxable income in 2013, and needs the bad debt write-off.

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Roger

Litigation Attorney

Doctoral Degree

 
32,850 satisfied customers
We had a customer file Chapter 11 on Feb. 16, 2016. Since then

We had a customer file Chapter 11 on Feb. 16, 2016. Since then they were sold in bankruptcy court by a private equity group . Can I still file a proof of claim?

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I sent a wire transfer to an LLC purchase of silver.

I sent a wire transfer to an LLC for the purchase of silver. The company has now filed fr bankruptcy. Is my claim secured by a lien on property? Right to set off? or priority under 11 USC 507 (a)?

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DrakeLAW

Juris Doctorate

 
310 satisfied customers
Filed Chapter 7 bank...does the secured creditor for

Filed Chapter 7 bank...does the secured creditor for property need to pursue claiming it within a specified period of time without being deemed to have abandoned its rights to the property....so if creditor doesn't foreclose in 1 year, 2 years...what...or fails to take legal steps to do so

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37,576 satisfied customers
I filed chapter 7 bankruptcy in January 2013. Key Bank had

I filed chapter 7 bankruptcy in January 2013.Key Bank had a judgment against me for $55,000 for a credit line.My personal guarantee for the credit line was discharged.Unbeknownst to me Key Bank had filed a judgement lien for this amount also.My bankruptcy attorney is telling me he did not know about the Key Bank judgement lien when he filed our chapter 7 bankruptcy because Key Bank listed the amount as unsecured on their Proof of Claim filing so, he only listed Key Bank as an unsecured debt rather than as a secured debt.My bankruptcy attorney is now telling me that Key Bank can collect on this lien.Is my attorney correct that even after my bankruptcy has been discharged and finalized that now Key Bank can come back against me and collect the lien even though my debt was discharged?

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DrakeLAW

Juris Doctorate

 
310 satisfied customers
We filed Bankruptcy on Dec 15 2015.We listed Sunset Canyon

We filed Bankruptcy on Dec 15 2015.We listed Sunset Canyon Vet on the partition (to lawyer)Lawyer missed adding it to official partition to courtWe had it officially added the last day of before our dismissal 3/15/2016We were to be in court on 3/9/2016We did not go thinking that this was taken care of in the BR.On 3/08/2016 (one day earlier) we were given a default judgement which we had 21 days to respond to( by 3/30/2016)The court (for Sunset) received the amended partition on 3/28/2016.The amended date was 3/15/2016The court clerk says we still have the judgement anyway. Do we?

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DrakeLAW

Juris Doctorate

 
310 satisfied customers
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