Creditors and Claims
Under Section 501 of the code, Creditors can file proofs of claims or state that they have certain interests in your case.
They will insist that you fulfill your “DEBTOR’S DUTIES” and Mr. McCoy can aid you in getting all of your bankruptcy “BENEFITS” such as: Exemptions from seizure, and maneuver you through the “Exceptions to discharge.”
Creditors often claim an interest in the Property of the estate and under certain rules, request the turnover of property to the estate.
Certain kinds of transactions and relationships prior to bankruptcy are called “Preferences” and may require specific rules to be applied. There are rules about Contractual rights, and the rules to terminate, liquidate, certain kinds of contracts and obligations to pay.
