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What is a claim in reference to Chapter 11 bankruptcy?

Our Professional Answer:

In all bankruptcies, if there’s going to be a distribution whether in a Chapter 7 or in a reorganizing Chapter 13, or in Chapter 11, creditors must file a claim. If you’re owed money, there’s a form to fill out and you must submit proof of monies that are owed you. This is called a claim in all bankruptcies.