From the Editor – Claims • NACTT Academy

From the Editor – Claims

By The Honorable William Houston Brown (Retired)

State law did not make debt unenforceable for purposes of § 502(b)(1). North Carolina statute required a debt buyer to attach specific materials to a complaint or claim, including a copy of the contract or writing and assignment, but the court determined that this requirement was applicable to actions to collect debt, distinguishing collection activity from the filing of a proof of claim. “If filing of a proof of claim constituted a ‘collection’ activity, than filing of proofs of claim under § 502(b) would be fundamentally at odds . . .

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ABI Commission on Consumer Bankruptcy – What Does It Mean to Surrender?

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