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Decision makers need to consider what they can and will do before they consider what they should do.
Proof of Claim
A written statement filed by a creditor in a bankruptcy case that details the amount of debt owed by the debtor.
Bankruptcy Trustee
An individual appointed by the court to oversee and manage the bankruptcy process, ensuring that creditors receive as much debt repayment as possible.
Debtor's Estate
The total sum of a debtor's legal and equitable interests and assets at the time of bankruptcy filing or death.
Bankruptcy Court
A specialized federal court handling cases related to bankruptcy filings and proceedings.
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