A Creditor Must Only File a Proof of Claim If

question 8

True/False

A creditor must only file a proof of claim if the bankruptcy trustee does not know of the existence of the claim.

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Definitions:

Conflict Buying Time

A strategy used in conflict resolution where time is intentionally taken before responding or making a decision, to allow for de-escalation and thoughtful consideration.

Defense Mechanism

Psychological strategies used unconsciously to protect oneself from anxiety arising from unacceptable thoughts or feelings.

Negativism

An aggressive mechanism in which a person responds with pessimism to any attempt at solving a problem.

Pessimism

A tendency to see the worst aspect of things or believe that the worst will happen; a lack of hope or confidence in the future.