I have a lease with Triangle Petroleum in McKenzie County, North Dakota, who is undergoing a bankruptcy and I have a few questions that have come up when trying to complete the Proof of Claim Form that was sent to me. I was waiting for Triangle to send me the monies that were being held in suspense and hadn’t received them prior to the Bankruptcy notice. Those funds are why I am completing this form.
Most of the questions are self-explanatory but any help would be greatly appreciated. I did call the help line regarding how much the claim was as I’m not sure. They said to just put unliquidated. Correct?
Basis of the claim I put Oil and Gas Lease / Suspense Funds
Would this be a Secured Claim (not sure what this is)?
Nature of Property? Oil and Gas Lease? Mineral Rights?
What is basis for Perfection? (Any docs that I would need to send)?
Is the claim subject to a right of setoff? Y/N
Is all or part of the claim entitled to Priority?
Is all or part of the claim entitled to administrative priority?
I’m not very savvy with all of this lingo so any help would be greatly appreciated. Thank you
Paul Upsahl