Bankruptcy Claim
/ˈbæŋkrʌptsi kleɪm/
Definitions
- (n.) A creditor's assertion of a right to payment from a debtor's bankruptcy estate.
The bankruptcy claim must be filed within the deadline to be considered in the distribution.
Forms
- bankruptcy claim
- bankruptcy claims
Related terms
See also
Commentary
Typically refers to claims filed by creditors to participate in the debtor's estate distribution; precise requirements vary by jurisdiction.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.