Claims register on pacer

[drowningNdebt]

when you go into the claims register on pacer and there is a creditor listed what does this mean? Are they objecting or are they going to show at the 341?

[justbroke]

When you're in a Chapter 7, claims are usually filed only if there is going to be some assets liquidated by the Trustee. Thus, if you're in an asset case, you'll see claims. However, there are some creditors that file claims in no-asset cases, just in case.

The fact that there is a claim on PACER just indicates that the particular creditor wants to be included in any disbursement of liquidated assets, should that occur. Nothing more.

[booboo]

What happens if it is an asset case, notice was sent to creditors, but only creditors with claims of $17,000 file and nobody else? Does this mean if there is a payout, the ones that did not file a claim will be ignored during the payment? If so, will the excess be paid to me after it is all said and done?

BooBoo

[southernbelle]

I was an asset case and all creditors were sent a notice telling them to file claims. It is my understanding that if they did not file a claim (unless the debt was non-dischargeable) they would not receive any money from the liquidation. It doesn't mean that since they filed a claim, they would automatically receive anything either, it's strictly up to the trustee. I had several claims filed and only one was paid out from the liquidation and nothing was paid to the other filers. They got nothing and I owe nothing when the case was closed but like I said that's completely up to the TT.

Unless there is enough of a liquidation to pay all claims at 100%, I wouldn't expect to receive anything back from the liquidation.

JMO anyway.

[booboo]

My liquidation will be in the $40K range, but like I said only creditors (Citi Bank) were the only ones to file a claim and their claim total is $17,000.. My filing included $132,000 in unsecured debt.

BooBoo