Definition of CREDITOR'S CLAIM • Law Dictionary • TheLaw.com

A claim of a creditor, usually referring to a claim filed in federal bankruptcy against a debtor that has filed for bankruptcy relief. This may also refer to a written demand for payment, a claim, that is filed in probate court after the person who owed the money has died. State statues set a time limit as to the period of time to make a claim against the estate of a deceased person.

Related Legal Terms & Definitions

STALE CLAIM A claim barred under a statute of limitations or doctrine of laches. A claim which…
PENDENT JURISDICTION The right and power of a federal court to decide a claim which ordinarily would…
VOLUNTARY BANKRUPTCY Bankruptcy that is voluntarily filed by the debtor, as opposed to involuntary bankruptcy which is…
CLAIM IN BANKRUPTCY The claim of a creditor in a bankruptcy proceeding.
NON CLAIM An omission or neglect by one entitled to make a demand within the time limited…
FRAUDULENT CLAIM A claim that is filed based upon false or deceptive information that is knowingly and…
NON-CLAIM The omission or neglect of him who ought to claim his right within the time…
STALE In Saxon law. Larceny. Also late or barred. In the language of the courts of…