Every debtor hopes to include as many of his debts under his…
Every debtor hopes to include as many of his debts under his bankruptcy umbrella as possible, so the debts can be discharged and the debtor can move on to his debt-free life. To be included in the bankruptcy, the debts must qualify as claims under §101(5). Under this section, a claim must: 1. Be matured; 2. Be unliquidated; 3. Result from an action or event that occured before the debtor’s bankruptcy filing; 4. If not liquidated by the time distributions of estate assets are to be made, be estimated for the purpose of allowance.