valuation hearing

Definition of "valuation hearing"
  1. A type of hearing in bankruptcy proceedings where the worth or value of the debtor's property, to which a lender asserts a legal claim, is determined
How to use "valuation hearing" in a sentence
  1. The court ordered a valuation hearing to determine the value of the debtor's property.
  2. Based on discrepancies in the property value, a valuation hearing was necessary to ascertain the accurate worth.
  3. To settle the security interest claim by the creditor, a valuation hearing was convened.

Provide Feedback
Browse Our Legal Dictionary
# A B C D E F G H I J K L M N O P Q R S T U V W X Y Z