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.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
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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