Which of the following is true about “proof of claims?” - 3358

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 Which of the following is true about “proof of claims?”

A.   They can generally be filed any time within one year of the filing of the bankruptcy petition.

B.   They must be field by both secured and unsecured creditors in order for the creditor to receive a distribution from the bankruptcy estate.

C.   They need not be filed by secured creditors whose security covers the amount of their debt.

D.   They are never used by secured creditors. 

 
Solution Description

Which of the following is true about “proof of claims?”