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What to do if the Debtor Disputes your Claim
It is not uncommon for a bankrupt debtor to dispute the amount claimed by a creditor on their Proof of Claim form. Here is one technique that may be effective in resolving the dispute without involving your attorney.
- Ask for documentation showing what the debtor’s records indicate was open at the time of the bankruptcy filing.
- The next step is to reconcile their statement with your records.
- The third step is to determine if the debtor is correct. If so, amend your claim.
- If your records are correct, provide a written explanation of the variance and all relevant supporting documentation.
- Follow up with the debtor. Ask them to withdraw their objection based on the documentation you have provided.
(c) 2011. Michael C. Dennis