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In a Chapter 7 case, dividends to creditors on claims that have been allowed must be paid as soon as practicable. A dividend check must be made payable to and mailed to the creditor. But if a power of attorney authorizing another entity to receive payment has been filed under Rule 9010, the check must be:
(a) made payable to both the creditor and the other entity; and
(b) mailed to the other entity.
Quality educational content from all ABI conferences.
| Article | Date |
|---|---|
| ABCs of Representing Consumers in Bankruptcy Cases | 09/22/2010 |
| Keep Your License: Ethical Issues for Consumer Bankruptcy Attorneys, Debtor and Creditor | 05/31/2009 |
