What is ‘a’ or ‘the’ Bar Date please?
Answer: The Bar Date is the
date1 by which any person, corporation or governmental unit with a claim
against a bankrupt debtor must file a "Proof of Claim.” This date
is established by the United States Bankruptcy Court. A "claim" is:
(a) a right to payment, whether or not such right is reduced to judgment,
liquidated, un-liquidated, fixed, contingent, matured, un-matured, disputed,
undisputed, legal, equitable, secured, or unsecured; or (b) a right to an
equitable remedy for breach of performance if such breach gives rise to a
right to payment, whether or not such right to an equitable remedy is reduced
to judgment, fixed, contingent, matured, un-matured, disputed, undisputed,
secured or unsecured.
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