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A term used in accounting, 'creditor' refers to the party that has delivered a product, service or loan, and is owed money by one or more debtors. A debtor is the opposite of a creditor ? it refers to the person or entity who owes money.
About 45 days after you've received your discharge, you will receive a document called a Final Decree. It's the document that officially closes your case. Once this document is received, you are no longer in bankruptcy.
A mailing matrix, sometimes called a "mailing list" or "matrix," is a list of the names and mailing address of creditors and parties in interest in a bankruptcy case.
An unsecured creditor with a nonpriority claim must be paid at least as much as the creditor would have received had the debtor filed under Chapter 7, and the payments need not be in cash. Nonpriority claims may be paid in cash, property, or securities of the debtor or the successor to the debtor under the plan.
This is basically a document, usually filed by an attorney for a creditor, indicating that the attorney is representing the creditor in the bankruptcy case, and that the attorney, on behalf of his client, would like to be served with copies of all documents that the debtor and other parties may be required to serve in ...
You can prepare a List of Creditors by creating one using a computer and word?processing software. After completing the List of Creditors, you then submit the List of Creditors to the Court as a . txt file on electronic media (such as a CD, DVD, or flash / thumb drive).
Creating the Matrix Each name and address must consist of no more than five lines. The last line of each address can only contain the city, state and zip code. Do not put the zip code on a separate line. List creditor first names first, last names last, without titles (Mr., Mrs., Ms., etc.).
A creditor matrix contains each creditor's name and mailing address. This information is used for noticing and claims information. The debtor is required to provide a list of ALL creditors.