Filing Proof Of Claim Not Necessary To Move Forward With Foreclosure In Bankruptcy Proceedings, Says Federal Appeals Court
Written by Administrator on September 14th, 2011Lexology reports:The failure to timely file a proof of claim can have significant ramifications on a creditor’s right. Recently, the Seventh Circuit in In the Matter of Richard Louis Alexander, 2011 U.S. App. LEXIS 17110 (7th Cir. Aug. 16, 2011), held that a secured creditor who is only looking to proceed with a foreclosure action against the mortgaged property need not file a proof of claim to
The Home Equity Theft Reporter
Tags: Appeals, Bankruptcy, Claim, Court, Federal, Filing, Foreclosure, forward, Move, Necessary, proceedings, Proof, Says
