claim in bankruptcy

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

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

claim in bankruptcy
   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:

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  • 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

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  • bankruptcy proceedings — The way a bankruptcy case wends its way through the court system, from the time the bankruptcy petition is filed until the debtor receives a bankruptcy discharge. Category: Bankruptcy, Foreclosure & Debt → Bankruptcy Nolo’s Plain English Law… …   Law dictionary

  • Claim Jumper — restaurant, Fresno, California Claim Jumper is a restaurant chain headquartered in Irvine, California with 45 locations in Arizona, California, Illinois, Colorado, Nevada, Washington, Wisconsin and Oregon. Founder Craig Nickoloff opened the first …   Wikipedia

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