Sec. 72. How Claims Proved

Claims in bankruptcy are proved by filing a sworn statement of the claim in the form as provided by the bankruptcy rules of the United States Supreme Court. If objections are filed thereto, a trial is had.

If a claim is not objected to as invalid its proof consists in a statement sworn to by the claimant, made on a form as prescribed by the Supreme Court of the United States, which by the Bankruptcy Act is given the power to provide rules and prescribe forms for the regulation of bankruptcy proceedings. If a claim is objected to, it is then necessary to support it by evidence upon a hearing, but the burden of proof is on the objecting party.

152. In re N. Y. Tunnel Co. 159 Fed. 688; Brown & Adams v. United Button Co., 149 Fed. 48; 8 L. R. A. N. S. 961; Schall v. Camorrs, 251 U. S. 239; Stalick v. Slack, (C. C. A. 8th Cir.)

153. In re Wilson (D. C. Md.) 269 Fed. 845; ex parte Harrison, (D. C. Mass.) 272 Fed. 543.

Sec. 73. Allowance Of Claims

A claim being of a provable sort and being proved is allowed as a matter of course by an order of the court.

After a claim is proved it becomes necessary for the Court to allow it before the claimant is entitled to the rights of a creditor. Allowance is made by an order of Court. Often this is a general order covering all claims filed in the case.

When a claim is allowed it is, of course, not for that reason payable to the claimant, but it simply stands as a claim upon which a dividend is payable when declared.

Interest is allowable on claims.154