By Lawrence R. Ahern, III, Brown & Ahern (Nashville, TN) Part VI Two Things Debtors Should Know About the Small Business Reorganization Act of 2019 (SBRA), Including a Primer on Chapter 11 Confirmation Introduction This series focuses on four bankruptcy-related bills that were enacted during the 116th Congress and signed into law on August 23, 2019.1 One bill, the Small...
From the Editor – Proofs of Claim
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By The Honorable William Houston Brown (Retired)
Prima facie validity of claim. The debtor objected to two proofs of claim filed by assignee of credit card accounts, contending that the evidence supporting the claims was inadmissible hearsay under Georgia law and that the claimant failed to show that it was the owner of the debts. The Eleventh Circuit reviewed the requirements for a proof of claim, holding that when it contains all information required by Rule 3001, it constitutes prima facie evidence of validity and amount and the burden shifts to the objector to overcome that . . .
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