answersLogoWhite

0

Can you claim against a bankrupt?

Updated: 9/19/2023
User Avatar

Wiki User

13y ago

Best Answer

You can file a proof of claim with the courts. Whether or not it is worth the $50 or not depends upon which chapter of bankruptcy has been filed. Typically, under a chapter 7, all assets are totally liquidated and there arent enough funds left, if any, for unsecured creditors. In other chapters, it may be worth a shot. Dont bet on any payouts right away, typical plans put unsecureds at the very end, usually 3 to 5 years.

User Avatar

Wiki User

13y ago
This answer is:
User Avatar

Add your answer:

Earn +20 pts
Q: Can you claim against a bankrupt?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Related questions

Which of the following is the lowest in priority of claims against a bankrupt firm?

The lowest priority of claims against a bankrupt firm are common stocks.


What happens to your 401k if AIG goes bankrupt?

I have a claim on a car insurance policy with AIG. What are the chances of this claim being met?


My friend went to a sale outside a store Later on a billboard hit her in the neck We can't seem to make a case cause the store is bankrupt How can you sue the place when they are bankrupt?

You don't sue them because the suit against them is already in place; called a Bankruptcy. Simply file a claim into the bankruptcy for personal injury, and back the claim with some form of documentation; if the court can show merit to the claim they will hold or reserve the funds (or a portion thereof) for the claim (either directly or payable upon suit).


How do you file a claim to collect for damages if the responsible business has gone bankrupt?

Even if the company is now bankrupt they probably had insurance when they were in business but you will have to find out the insurance company. Try to contact the attorney that is handling their BK and notify him that you have a claim. Your best action is to file a claim with your insurance carrier and let them go after the other party. How this will affect your rates depends on the policies of your carrier. Ask your insurance agent.


How do you file a claim against an estate in Illinois?

how do I file a claim against an estate in Illinois, Cook county


Who is responsible for deceased child support?

A claim can be made against the estate. However, if there is no estate then the obligee is out of luck.A claim can be made against the estate. However, if there is no estate then the obligee is out of luck.A claim can be made against the estate. However, if there is no estate then the obligee is out of luck.A claim can be made against the estate. However, if there is no estate then the obligee is out of luck.


Can you claim a investment loss on stock for a company that went out of business even if you did not sell the stock?

Yes. If a company goes bankrupt and, especially, if its business is liquidated, you can claim the full loss on the stock in the year the event occurred.


Are you entitled to make a claim if you paid for your 20-year-old son's flying lessons?

A claim...against what, exactly? Is he dead, and you want to make a claim against his insurance? I'd say that is reasonable.


How to claim against a surety bond?

elsss


What happens to a publicly traded company when its stock goes to zero?

you can claim a CAPITAL GAIN LOSS ON YOUR TAX RETURN FOR THE YEAR IF THE COMPANY GOES BANKRUPT that's it.


How long do you have to file a claim against an estate in PA?

In Pennsylvania, a claim against an estate must be filed within one year from the date of the decedent's death. It is important to adhere to this deadline to ensure the validity of the claim.


Can family caregiver get compensated from estate?

Yes. That person can file a claim in probate court against the estate. Care givers often do.Yes. That person can file a claim in probate court against the estate. Care givers often do.Yes. That person can file a claim in probate court against the estate. Care givers often do.Yes. That person can file a claim in probate court against the estate. Care givers often do.