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Creditor's claim

Term · Law · MLC-T-LAW-001399

A formal demand made by a creditor for payment of a debt owed by a debtor, particularly in bankruptcy or probate proceedings. This claim must be filed within a specific timeframe and according to legal requirements. Failure to file a timely and proper claim may result in the debt being discharged without payment.

Table 1. Record
IdentifierMLC-T-LAW-001399
FieldLaw
Record as JSON 
{
  "id": "MLC-T-LAW-001399",
  "term": "Creditor's claim",
  "field": "Law",
  "definition": "A formal demand made by a creditor for payment of a debt owed by a debtor, particularly in bankruptcy or probate proceedings. This claim must be filed within a specific timeframe and according to legal requirements. Failure to file a timely and proper claim may result in the debt being discharged without payment.",
  "url": "https://mlchart.com/terminology/law/creditor-s-claim/"
}

Record 1,257 of 5,441 in Law terminology (MLC-0107). Request the full dataset.