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Understanding the New Bankruptcy Proof of Claim Form

Gain an understanding of what the differences are compared in the old and new forms for a proof of claims.

On April 1, 2016, the Judicial Conference adopted a new proof of claim form (Form Number B410) which replaced the old form B10 which had been in use since April 2013 to be used in bankruptcy cases through the country. The changes doubled the length of the form and now include many new questions concerning the formulation and basis for the asserted claim. This material will explore the major differences between the new and the old forms as well as discussing how to properly complete the form and the many pros and cons associated with filing a claim.

Runtime: 91 minutes
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Why Lorman?

Over 31 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Agenda

Introduction

  • Brief Overview of the Bankruptcy Process
  • Importance of Filing a Proof of Claim and Role of the Proof of Claim Form
  • Effects of Creditor's Failure to File a Proof of Claim
  • Old Proof of Claim Form and Frequent Related Issues

New Proof of Claim Form

  • Overview - Where to Find and When/Where to File
  • Differences Compared to Old Form
  • How to Complete the New Form
  • Key Points of the New Form
  • Claim Classifications
  • Requisites for Proving a Claim Including Supporting Documentation
  • Common Pitfalls
  • Keys for Filing and Substantiating a Successful Claim

Other Common Issues

  • Assignment/Transfer of Claims
  • Filing Logistics (Including Electronic vs. Paper Filing and Filing With BR Court vs. Filing With Claims Agent)
  • Addressing and Overcoming Claim Objections
  • Timeliness and Late Claims

Key Takeaways for Creditors

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Why Lorman?

Over 31 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Credits

OnDemand Webinar

This course was last revised on July 18, 2018.

Call 1-866-352-9540 for further credit information.

This program does NOT qualify, nor meet the National Standard for NASBA accreditation.

Audio & Reference Manual

  • Arizona CLE 1.5
     
  • CA MCLE 1.5
     
  • CT CLE 1.5
     
  • GA CLE 1.5
     
  • HI CLE 1.5
     
  • IL CLE 1.5
     
  • ME CLE 1.5
     
  • MT CLE 1.5
     
  • NJ CLE 1.8
     
  • NV CLE 1.5
     
  • NY CLE 1.5 including Areas of Professional Practice 1.5
     
  • VT CLE 1.5
     
  • WA CLE 1.5
     
  • WV MCLE 1.8
     
The CLE Code is ONLY a requirement when applying for CLE Credit in California (for participatory credit), Kansas, New Jersey or New York. Other states do not need to supply the CLE Code to apply for CLE credit.

This program does NOT qualify, nor meet the National Standard for NASBA accreditation.

MP3 Download

  • Arizona CLE 1.5
     
  • CA MCLE 1.5
     
  • CT CLE 1.5
     
  • HI CLE 1.5
     
  • IL CLE 1.5
     
  • ME CLE 1.5
     
  • MT CLE 1.5
     
  • NJ CLE 1.8
     
  • NV CLE 1.5
     
  • NY CLE 1.5 including Areas of Professional Practice 1.5
     
  • VT CLE 1.5
     
  • WA CLE 1.5
     
  • WV MCLE 1.8
     
The CLE Code is ONLY a requirement when applying for CLE Credit in California (for participatory credit), Kansas, New Jersey or New York. Other states do not need to supply the CLE Code to apply for CLE credit.

This program does NOT qualify, nor meet the National Standard for NASBA accreditation.

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More Program Information

Why Lorman?

Over 31 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Faculty

Louis J. Cisz, III

Louis J. Cisz, III

Nixon Peabody LLP

  • Partner with Nixon Peabody LLP
  • Practice on insolvency, restructuring debts, creditors’ remedies and related litigation
  • Provides a full range of services to clients encountering insolvency issues, whether the issues arise in a bankruptcy case, a non-bankruptcy court forum or in an out-of-court commercial dispute or transaction
  • Frequent speaker and has written several publications
  • J.D. degree, University of Utah S.J. Quinney College of Law; B.A. degree, University of Notre Dame
  • Can be contacted at 415-984-8320 or lcisz@nixonpeabody.com
Lee Harrington

Lee Harrington

Nixon Peabody LLP

  • Partner in Nixon Peabody’s Financial Restructuring and Bankruptcy practice
  • Leader of the group’s distressed asset acquisition team and one of the group’s principal restructuring litigation specialists, practicing in both federal and state courts
  • Practice on two principal areas: distressed asset acquisition transactions both in and outside of formal insolvency proceedings and providing non-bankruptcy restructuring and dissolution services
  • J.D. degree, Boston College Law School; B.A. degree, University of Massachusetts
  • Can be contacted at 617-345-6016 or lharrington@nixonpeabody.com
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Product ID: 402038
Published 2018
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