Claimant in Bankruptcy
/ˈkleɪmənt ɪn ˈbæŋkrʌptsi/
Definitions
- (n.) A person or entity who asserts a debt or claim against the estate of a bankrupt individual or company in the course of bankruptcy proceedings.
The claimant in bankruptcy submitted detailed proof of their claim to the insolvency practitioner.
Forms
- claimant in bankruptcies
- claimants in bankruptcy
- claimants in bankruptcies
Related terms
Commentary
The term specifically denotes someone asserting a legal financial claim during bankruptcy proceedings, distinct from unsecured creditors who may not formally file a claim.
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.