Determination of claim amounts requires the resolution professional to estimate imprecise claims and promptly revise them with new information. Determination of the amount of a creditor's claim requires the resolution professional to adopt a best estimate when precision is lacking and to base that estimate on available information; the resolution professional must revise confirmed claims, including estimated claims, as soon as practicable when additional information warrants adjustment.
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 claim amounts requires the resolution professional to estimate imprecise claims and promptly revise them with new information.
Determination of the amount of a creditor's claim requires the resolution professional to adopt a best estimate when precision is lacking and to base that estimate on available information; the resolution professional must revise confirmed claims, including estimated claims, as soon as practicable when additional information warrants adjustment.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
AI OCR ✕
of 
TaxTMI 
TaxTMI 
