Yes. However, the late-filed claim may be subject to an objection on the basis that it was late filed. Acknowledging that this is a chapter 11 case, you should be mindful of the possible application of Section 726, which under certain circumstances permits payments to creditors who filed claims after the bar date. You should consult with an experienced chapter 11 attorney.
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I agree with my colleague and I would like to add that this impacts your liquidation analysis so plan accordingly.
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I concur with my colleagues above. You should know that the United States Supreme Court set a very high standard for a creditor seeking to have their late filed claim deemed timely, or for its impact to change the course of your plan in your case. Basically that standard is the "excusable neglect" standard...which sounds benign but sets a substantially high bar. If your lender seeks redress, do not go quietly into the night...seek competent counsel.
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What I have seen in Western WA is that proofs of claim filed late are generally accepted unless the Debtor objects or the creditor files a motion to allow the late filed claim.
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