Vermont § 7075 - Proof of claim
Full text of Vermont Vermont Statutes Online § 7075 — Proof of claim, with citation guidance and answers to common questions.
§ 7075. Proof of claim
- (a) Proof of claim shall consist of a statement signed by the claimant that includes all
the following that are applicable: (1) the particulars of the claim including the consideration given for it; (2) the identity and amount of the security on the claim; (3) the payments made on the debt, if any; (4) that the sum claimed is justly owing and that there is no setoff, counterclaim, or
defense to the claim; (5) any right of priority of payment or other specific right asserted by the claimants; (6) a copy of the written instrument that is the foundation of the claim; and (7) the name and address of the claimant and his or her attorney. (b) No claim need be considered or allowed if it does not contain all the information
in subsection (a) of this section. The liquidator may require that a prescribed form
be used, and may require that other information and documents be included. (c) At any time the liquidator may request the claimant to present information or evidence
supplementary to that required under subsection (a) of this section and may take testimony
under oath, require production of affidavits or depositions, or otherwise obtain additional
information or evidence. (d) No judgment or order against an insured or the insurer entered after the date of filing
of a successful petition for liquidation, and no judgment or order against an insured
or the insurer entered at any time by default or by collusion need be considered as
evidence of liability or of quantum of damages. No judgment or order against an insured
or the insurer entered within four months before the filing of the petition need be
considered as evidence of liability or of the quantum of damages. (e) All claims of a guaranty association or foreign guaranty association shall be in such
form and contain such substantiation as may be agreed to by the association and the
liquidator. (Added 1991, No. 45, § 2, eff. May 29, 1991.)
Frequently Asked Questions About Vermont § 7075
What does Vermont Statutes Online § 7075 cover?
Section 7075 ("Proof of claim") is part of the Vermont Statutes Online, the codified statutory law of Vermont. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Vermont § 7075?
A common citation format is "Vermont Statutes Online § 7075" (Vermont). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Vermont law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Vermont official source linked on this page or consult a licensed Vermont attorney.
How does Vermont § 7075 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Vermont can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Vermont.