About this episode

This episode provides a clear guide to understanding creditor claims in bankruptcy, including who gets paid and the claims objection process.

In Episode 5 of Business Bankruptcy Basics, hosts Ella Vincent and Andrew Still are joined by Judge Daniel P. Collins of the U.S. Bankruptcy Court for the District of Arizona to break down one of the most fundamental topics in bankruptcy: creditor claims. Judge Collins walks listeners through the surprisingly broad definition of a "claim" under the Bankruptcy Code and the key categories of secured, unsecured, and priority claims. The episode also covers the payment waterfall, the treatment of undersecured claims, and the strategic importance of administrative expense priority. This episode also covers how creditors file a proof of claim, how claims become allowed, and common grounds for objections. This episode offers a clear and practical guide to understanding who gets paid and why. The content of the "Business Bankruptcy Basics" podcast, including any statements made by its hosts or guests, is provided for educational purposes only. This podcast is not intended to be, nor should it be relied upon as, legal advice. Listening to this podcast does not create an attorney-client relationship. The views and opinions expressed in this podcast are solely those of the hosts and guests…

People in this episode

Hosts: Ella Vincent, Andrew Still

Guest: Judge Daniel P. Collins

Topics covered

• business bankruptcy
• creditor claims
• claims objection process
• secured claims
• unsecured claims
• priority claims
• proof of claim

Keywords

• business bankruptcy
• creditor claims
• claims objection
• secured claims
• unsecured claims
• priority claims
• proof of claim
• administrative expense priority

Mentioned in this episode

Organizations: U.S. Bankruptcy Court for the District of Arizona, Bankruptcy Code

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