disputed claims reserve

disputed claims reserve
USA
An escrow or other segregated fund, carved out from the fund established under a confirmed (See confirmation) plan of reorganization to satisfy certain general unsecured claims of creditors against the debtor. The disputed claims reserve is used to settle any pending claims of unsecured creditors that were in dispute as of the effective date of the plan. As these claims are resolved, the claimants are paid from the reserve on the same basis as if they had been paid out in the bankruptcy. The precise mechanics of the disputed claims reserve vary from case to case.

Practical Law Dictionary. Glossary of UK, US and international legal terms. . 2010.

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