In a Chapter 7 Proceeding,an Unsecured Creditor Who Files a Claim

question 63

True/False

In a Chapter 7 proceeding,an unsecured creditor who files a claim with the court after the deadline because he is too busy planning and going on a vacation would be totally unable to collect.

---

Definitions:

Common Law

A body of legal rules derived from judicial decisions of courts and similar tribunals, as opposed to statutes passed by legislatures.

Arbitration Clauses

Provisions within a contract that require disputes to be resolved through arbitration rather than in court.

Publication Bans

Legal orders restricting the media's ability to report on certain details of legal proceedings to protect privacy, ensure fairness, or maintain public security.

Canadian Judicial Council

An official body overseeing the conduct of judges in Canada, ensuring they adhere to standards of behavior.