creditor's claim

Definition of "creditor's claim"
  1. A written declaration submitted to a court by an individual or entity seeking to collect money owed by a person who has either declared bankruptcy or passed away
How to use "creditor's claim" in a sentence
  1. He had to file a creditor's claim after the corporation declared bankruptcy.
  2. Since the woman died, the company had to file a creditor's claim to recover the funds.
  3. Disputing the denial of his creditor's claim, he asked for a court hearing.
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