Creditor Claims
/ˈkrɛdɪtər kleɪmz/
Definitions
- (n. pl.) Demands for payment or performance asserted by creditors against a debtor's estate in bankruptcy or insolvency proceedings.
The creditor claims were prioritized according to the bankruptcy code's order of distribution.
Forms
- creditor claim
See also
Commentary
Creditor claims are typically formalized by filing a proof of claim in bankruptcy cases, impacting creditor priority and recovery.
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.