Essential Skills: Bankruptcy
Dealing with creditors' claims

Failure to properly consider creditors’ claims can have serious consequences for trustees, including a finding that resolutions have not been properly passed.

Before a creditor can receive a dividend from a bankrupt estate, or vote in respect of a proposed resolution, they must have their claim admitted for dividend (or voting) purposes.

This may appear to be a simple task, but there are many nuances which affect the admissibility and value of a creditor’s claim.

This course will look at what claims can be admitted for both dividend and voting purposes and the amounts for which they should be admitted.

Learning objectives

At the end of this course you will be understand:

• What claims are provable in a bankruptcy.
• A creditor's and trustee's obligations in dealing with a claim.
• How specific claims are treated in bankruptcy.

Who should attend?

• Junior insolvency practitioners who want to build their knowledge of insolvency.
• Senior insolvency practitioners who want to refresh their knowledge of this topic.
• Lawyers who want to understand this area of insolvency.
• Financial advisors and credit managers who have an interest in better understanding the process trustees follow when dealing with creditors’ claims.

Prerequisites

We recommend you have one year of on-the-job experience in personal insolvency prior to attending this course.

CPE

TBC - maximum of 2 CPE verifiable hours. 

Please see our enrolment and cancellation policy . For further information contact our education team.