Claim in bankruptcy

{
  "id": "MLC-T-LAW-001006",
  "term": "Claim in bankruptcy",
  "field": "Law",
  "definition": "A right to payment from a debtor's estate in a bankruptcy proceeding, representing a creditor's demand for money or property owed. Creditors must file a proof of claim with the bankruptcy court to assert their right to a distribution from the estate. Claims are categorized as secured, unsecured, or priority, which affects their order of payment.",
  "url": "https://mlchart.com/terminology/law/claim-in-bankruptcy/"
}