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Should I file a proof of claim?
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Although you may have a valid claim in a Bankruptcy Case and be entitled to file a proof of claim, you should first research the potential risks for creditors in filing a proof of claim.  As summarized in Personal and Small Business Bankruptcy Practice in California, these risks include “(1) submitting the creditor to the jurisdiction of the bankruptcy court, (2) giving the debtor and other creditors the right to conduct discovery regarding the creditor’s claim, and (3) waiving the right to a jury trial.”  Personal and Small Business Bankruptcy Practice in California (2004), §7.26 of Chapter 7 by Timothy J. Yoo.  Thus, you clearly should adequately research and/or consult a bankruptcy attorney if you have any questions or doubts.
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