Author Description

Published by the Business Law Section's Business Bankruptcy Committee's Subcommittee on Claims and Priorities, this guide is a unique resource for lawyers seeking to develop greater familiarity with bankruptcy law. It will provide entry into bankruptcy analysis and processes for practitioner's embarking on identifying, asserting, objecting to and/or defending claims in a bankruptcy case and evaluating the manner that claims may be treated. Providing a starting point for legal analysis, highlighting key issues, and answering key bankruptcy questions, this guide will provide you with guidance on: - A summary of debtor's duties, including the preparation of the debtor's schedules, a chart that includes the debtor's assets and liabilities - The life cycle of the claim, from when the claim arises to the contents, effects, timing and location of filing, concluding with rules regarding amendments to a claim - Secured claims and transitions into unsecured claims - The quasi-claim known as "reclamation" claim or the right of a vendor to demand the return of certain delivered goods from the debtor - Administrative expenses, including the process for claiming these expenses - Objection to claims - And much more!