Transfer of Claim Filed by Attorney

Last Updated:  April 30, 2013

Updates: 

04/30/13-Updated for new fee effective May 1, 2013

Created: April 13, 2009

Background:

If a claim was filed, the claim number of the claim being transferred will be needed.  You will be required to enter this information during the filing process.  

Who is the Transferor?

The current owner of the claim

 

Who is the Transferee?

The party who purchased the claim

Effective May 1, 2013, a $25 fee will be charged for each Transfer of Claim.  The fee is due upon filing.  Failure to pay the fee timely will result in the suspension of your account.

Step-by-Step Procedures:

Do not follow these instructions when filing an Amended Transfer of Claim.  Refer to the Amended Transfer of Claim Filed by Limited Filer procedure.

Access claim register to verify claim number.

1. Select [Bankruptcy> Claim Actions]

2. Enter case number and click Next

3. Select Transfer of Claim from event pick list and click Next

4. Select party you represent from party pick list or Add/create new party

5. Click Next

   The Attorney/Party Association screen may display.  If it does, Click box if attorney represent the party./r/n/r/nDo not click the box if attorney does not represent party/r/n/r/nClick Next to continueclick here.

6. The Filing Fee warning Screen will display.

   IMPORTANT: Immediately upon the filing of this document, a filing fee is due. Pursuant to Local Rule 1006-2 any fees for CM/ECF transactions must be paid on the date filed, and all filing fees must be paid online using the CM/ECF credit card module, pay.gov. Failure to pay this fee will result in SUSPENSION of your CM/ECF Efiling account until all outstanding filing fees are paid in full.

   Click Next

The PDF Document selection screen will display.  The document being filed must be uploaded to CM/ECF at this point.

7. Click Browse button and navigate to locate the appropriate document/file

8. Highlight filename
   Right click on filename
   Select Open
   Review document
   Close windowView file to verify the correct file is being selected

9. Click Open button and filename will appear in the browse window

10. Click Next

11. An alert will display:

    ALERT: Please do not use this event to file an Amended Transfer of Claim. Please back up and select Amended Transfer of Claim.

    Click Next

12. The following question will display: 

    An Outside Vendor is a Court appointed agent responsible for processing filed claims in a case. Select Yes if an Outside Vendor is appointed to the case or if there are No Claims filed on the case. Otherwise, select NO.

• Select n for No(if claim are being processed by the court)

• Select y for Yes(if claims are being processed by an outside company)

13. Click Next

    Outside Vendor processing claims = No

    Outside Vendor processing claims = Yes

    The next page will display a list of all the creditors who have filed a claim. Select the claim number being transferred The claim number will appear in the Claims Selected box. Click Next     The objection due date will be displayed. The date is automatically calculated.   Click Next     The next page requires the entry of the transferee name and the transferor's name, claim number and claim amount. Enter Transferee's name Click Search Creditors button The search will be confined to the creditors on the case. Important: The creditor record must be an exact match of the name and address. If it is not, please add a new creditor record that matches the information on the Transfer of Claim. The Select Creditor window will appear. Select creditor Click Select button. The creditor's name now appears in the top two fields.Click here if a match is found You will get the following message; "No creditors found matching" Click Add Creditor. A window will appear for you to enter the creditor's name and address. Enter creditor's name and address. Click SubmitClick here if a match is not found   Next, the transferor section of the page must be completed. Enter Transferor's name in the Search for Transferor field Click Search Creditors button Select the creditor record associated to the claim. Note: the Claim Number is at the end of the entry Click  Select Enter the claim amount Click Next     The Fee Screen will display Click Next   A Blank page will appear   Click Next

    The Claims Screen will display Enter Claim Number, if known Enter Transferor's name Enter Transferee's name     The objection due date will be displayed.  he date is automatically calculated.   Click Next     A blank page will appear   Click Next

The Final Text screen will display.  This is your final opportunity to modify the entry before submitting the filing.

Examples:

If NO is chosen in Step 12: 

Transfer of Claim. Transferor: CAPITAL ONE BANK (USA), N.A. (Claim No. 8, Amount 500.00) To American InfoSource LP as agent for Fee Amount $25 Filed by Attorney Testing on behalf of (name). Objections due by 05/17/2013. (Testing, Attorney)

 

If YES is chosen in Step 12:

Transfer of Claim. 1 from Transferor to Transferee Fee Amount $25 Filed by Attorney Testing on behalf of (name). Objections due by 05/17/2013. (Testing, Attorney)

14. Verify the accuracy of the docket text  

• If corrections are needed use Back button to navigate back or click Bankruptcy to abort filing and start over.

• If entry is correct, go to step 15

15. Click Next to complete filing process

    Electronic Payment

16. The summary of current charges will display.

    Select one of the two options Pay Now or Continue Filing

The Notice of Electronic Filing will display.  It is the verification that the filing has been sent electronically to the court.

Copies of this notice and the document filed are emailed to all participants who receive electronic notification in the case.  You have a period of 15 days for a one time free look at the document filed.