March 20, 2013
Entry on Bankruptcy Court docket
The Trustee hereby gives
notice of recovery of assets in the instant bankruptcy case. The Trustee respectfully requests that the Clerk of the Bankruptcy Court
set a claims bar date and give notice of need to file proofs of claims to all creditors and parties in interest.
Filed by Stephen L Meininger. (Meininger, Stephen) (Entered: 03/20/2013)
~~~~~~~~~~~~~~~~~~~~
Websleuths Crime Sleuthing Community - View Single Post - Legal Questions for our Verified Lawyers #4
AZlawyer
March 20, 2013
The creditors will not be paid unless they can prove their claims. This goes for Baez, ZG, whomever. In the case of ZG, she would have to prove her claim by having a trial (either in BK court or in state court, depending on what the BK judge decides).
The $$ would go to administrative expenses first (trustee fee etc.), then to creditors. As I noted above, the
creditors will have to prove their claims. The creditors will be divided into classes--e.g., I believe the IRS and court cost claims would be given priority--and paid different %ages depending upon the class of the claim.