Determination of quantum of claim requires trustees to estimate imprecise claims using available information. Where a claimant's amount is not precise, the bankruptcy trustee must make the best estimate of the claim amount based on the information available to ... Summary
Determination of quantum of claim requires trustees to estimate imprecise claims using available information.
Where a claimant's amount is not precise, the bankruptcy trustee must make the best estimate of the claim amount based on the information available to him, applying an information based valuation approach to quantify claims in the bankruptcy process for personal guarantors to corporate debtors.
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