In re Dana Corp.

Ruling: 
Late filed proof of claim disallowed due to prejudice to emerged debtor and other creditors.
Procedural posture: 
A corporate debtor and its affiliated companies filed a petition for relief under chapter 11 of the Bankruptcy Code. The court established a deadline for filing proofs of claims, and 21 months after that deadline passed, movant claimant filed a motion for an order allowing him to amend an informal proof of claim or, in the alternative, permitting him to file a late-filed proof of claim. The debtors opposed the motion.
Issue: 
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Commercial case opionion summary, case decided on July 23,2008, LexisNexis #0908-128