The Cut-off date is not a Court Order, It is a suggestion put forth by the Debtors. The Court has to rule on it as far as I understand.
As a matter of fact, almost all the deadlines have been dictated by Debtors. They submit "an Omnibus" (whatever that is) and they stipulate the response date.
This is why the deadlines keep getting pushed forward. The Court decides these issues not the Debtors.
Anyway your point as to ownership date and amount is correct. At a certain point the Court will impose a deadline date just like x-dividend date and that will determine the ownership rights.
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