claim in bankruptcy
Category: Bankruptcy, Foreclosure & Debt → Bankruptcy

Nolo’s Plain-English Law Dictionary. . 2009.

claim in bankruptcy
n.
   the written claim filed by persons or businesses owed money (creditors) by a party who files for bankruptcy (debtor) to benefit from the distribution if money becomes available. The known creditors receive written notice of the bankruptcy and will receive a creditor's claim form. They may also receive notice that the bankrupt party has no assets to distribute and that they should not file a claim until further notice (this is bad news for the creditor).

Law dictionary. . 2013.

Look at other dictionaries:

  • Claim in bankruptcy — Bankruptcy in the United States Bankruptcy in the United States Authority · History U.S. Trustee Court  …   Wikipedia

  • claim in bankruptcy —    The written claim filed by a creditor when a debtor (i.e., an individual or business who owes the creditor money) files for bankruptcy. The known creditors receive notice when a bankruptcy is declared, and will be told if the bankrupt party… …   Business law dictionary

  • claim in bankruptcy — A proof of claim against the bankrupt. See proof of claim; provable debt …   Ballentine's law dictionary

  • filing claim in bankruptcy — The delivery of a proof of claim against a bankrupt to the clerk of the district court, the referee, if the case has been referred, or to the trustee in bankruptcy. 9 Am J2d Bankr § 449 …   Ballentine's law dictionary

  • claim provable in bankruptcy — Any claim or liability that is provable in a proceeding under the Bankruptcy and insolvency Act. (Dictionary of Canadian Bankruptcy Terms) United Glossary of Bankruptcy Terms 2012 …   Glossary of Bankruptcy

  • claim in proceeding for wage earner's plan — A claim of whatever character against the debtor or his property, whether or not provable as a debt in ordinary bankruptcy, and whether secured or unsecured, liquidated or unliquidated, fixed or contingent, but not a claim secured by an estate in …   Ballentine's law dictionary

  • claim in corporate reorganization — A claim of whatever character against a debtor or its property, except stock, whether or not such claim is provable in an ordinary bankruptcy proceeding and whether secured or unsecured, liquidated or unliquidated, fixed or contingent. Bankr Act… …   Ballentine's law dictionary

  • claim in proceeding for readjustment of public debt under the Bankruptcy Act — The claim of a creditor holding securities in the technical or nontechnical sense, even a holder of an unliquidated claim against the municipality or other public body. 9 Am J2d Bankr § 1423 …   Ballentine's law dictionary

  • claim in arrangement proceeding under the Bankruptcy Act — A proof of claim against the debtor or a claim scheduled by the debtor. 9 Am J2d Bankr § 1310 …   Ballentine's law dictionary

  • claim in real property arrangement — A claim of whatever character against the debtor or his property, whether or not such is provable in ordinary bankruptcy and whether secured or unsecured, liquidated or unliquidated, fixed or contingent. 9 Am J2d Bankr § 1359 …   Ballentine's law dictionary

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