Why do some creditor's not file a Proof of Claim?

[hopeforusall]

Let's say a Debtor has 10 creditor's and only 5 of them file a claim by the bar date. What is the reason why a creditor does not put in a Proof of Claim? Why wouldn't they want some payback?

[Nicollette]

Let's say a Debtor has 10 creditor's and only 5 of them file a claim by the bar date. What is the reason why a creditor does not put in a Proof of Claim? Why wouldn't they want some payback?

In my Ch 13, a lot of my creditors didn't file claims either, but the creditors that did were the ones that I owed large amounts to.

[falken]

I'm pretty sure my creditors were insane. I had some claims filed for $30-$100.

The ones that did *not* file claims: Bank of America for $48k, American Express for $75k.

[justbroke]

What is the reason why a creditor does not put in a Proof of Claim? Why wouldn't they want some payback?

There seems to be no rhyme or reason as to why one does and one does not. Of course, timing is important. I heard from one of my creditors that they are 3 months behind processing Bankruptcy notifications. I'm sure some of this has to do with the sheer volume and the claims bar date.