claim in bankruptcy

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claim in bankruptcy 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.) (See: bankruptcy, bankruptcy proceedings)

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bankruptcy proceedings
creditor's claim

Legislative Court

Notice 2003-60 addresses collection issues raised by the Court's ruling, including enforcing collection administratively and judicially, valuing the IRS's secured claim in bankruptcy, applications for discharge and subordination and evaluating offers in compromise (OICs) and proposed installment agreements.

IRS guidance on federal tax liens on entireties property after Craft by Ely, Mark H. / The Tax Adviser

Landlords with damage claims against the retailer will have will have to file an unsecured claim in bankruptcy court, he said.

Bankrupt strouds selling off leases. (Up Front) by Berry, Kate / Los Angeles Business Journal

How Can Landlord Maximize Allowed Claim in Bankruptcy Case?

The bankrupt bankruptcy clause by Claman, Richard / Real Estate Weekly

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