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

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

A. They are never used by secured creditors.
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 can generally be filed any time within one year of the filing of the bankruptcy petition.


BUS 475

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