Transfer of Claim Filed by Limited Filer

Transfer of Claim Filed by Limited Filer
Last Updated: April 30, 2013

Updates:

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.

Select [Bankruptcy>Creditor Claimant Activity]
Enter case number and click Next
Select Transfer of Claim from event pick list and click Next

Select any additional attorney(s) box will display. Do not select an attorney.

Click Next to bypass

Note: When a selection is not made, you will get the following warning:

Click OK to continue
Select Party (your company) from party pick list or Add/create new party to add your company
Click Next If the association screen displays, click here.
The following warning 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.

Click Browse button and navigate to locate the appropriate document/file
View file to verify the correct file is being selected
Click Open button and filename will appear in the browse window
Click Next

The following alert will appear:

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

The following question will appear:

An Outside Vendor is a Court appointed agent responsible for processing filed claims in a case. Is there a Claims/Noticing Agent appointed on this case or are there No Claims on this Case?

Select n for No (if claims are being processed by the court)
Select y for Yes (if claims are being processed by an outside company)

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.

Click here if a match is found
Click 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 page will display. This is your final opportunity to modify the entry before submitting the filing.

Examples:

If no was chosen in Step 13:

Transfer of Claim. Transferor: Nicor Gas (Claim No. 12, Amount 500.00) To Advance America Fee Amount $25 Filed by (Name) . Objections due by 05/17/2013. (Name)

If yes was chosen in Step 13:

Transfer of Claim. 1 from Transferor to Transferee Fee Amount $25 Filed by (Name). Objections due by 05/17/2013. (Name).

Verify the accuracy of the docket text

If corrections are needed use Back button to navigate back to previous screen and make correction or click Bankruptcy to abort filing and start over.
If entry is correct, go to step 16

Click Next to complete filing process

Electronic Payment

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.