Claim In Bankruptcy

Business, Legal & Accounting Glossary

Definition: Claim In Bankruptcy



What is the dictionary definition of Claim In Bankruptcy?

Dictionary Definition


n. 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).


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https://payrollheaven.com/define/claim-in-bankruptcy/
Modern Language Association (MLA):
Claim In Bankruptcy. PayrollHeaven.com. Payroll & Accounting Heaven Ltd. November 25, 2020 https://payrollheaven.com/define/claim-in-bankruptcy/.
Chicago Manual of Style (CMS):
Claim In Bankruptcy. PayrollHeaven.com. Payroll & Accounting Heaven Ltd. https://payrollheaven.com/define/claim-in-bankruptcy/ (accessed: November 25, 2020).
American Psychological Association (APA):
Claim In Bankruptcy. PayrollHeaven.com. Retrieved November 25, 2020, from PayrollHeaven.com website: https://payrollheaven.com/define/claim-in-bankruptcy/

Definition Sources


Definitions for Claim In Bankruptcy are sourced/syndicated and enhanced from:

  • A Dictionary of Economics (Oxford Quick Reference)
  • Oxford Dictionary Of Accounting
  • Oxford Dictionary Of Business & Management

This glossary post was last updated: 26th April, 2020 | 0 Views.