Quote:
Originally Posted by tophcfa
Very interesting, was not aware of that. So if the debtor (TVH) objects to the creditors claims, the burden of proof shifts to them to prove the claims are false. If they don’t object, then the claims are considered correct. By this logic, the creditors are forcing disclosure/discovery onto the party filing for bankruptcy (TVH). Kind of puts TVH between a rock and a hard place if they are indeed trying to avoid opening up their books to full discovery. It will be interesting to see if TVH objects to any of the creditor claims, exposing them to discovery?
|
Or, TVH replies, "yes, that is correct, that is one of our debts and that is why we are restructuring under Chapter xx."
Did the creditors file a claim against the TVH assets under bankruptcy rules or did they file something different and outside those rules? I really don't know (or particularly care) but the details will matter quite a bit in court.
__________________
Why do people insist on making claims without looking them up first, do they really think no one will check? Proof by emphatic assertion rarely works.
Confirmation bias is real; I can find any number of articles that say so.
Victor, NY - Randallstown, MD - Yakima, WA - Stevensville, MD - Village of Hillsborough
Last edited by Bill14564; Yesterday at 09:42 AM.
Reason: clarity
|