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Bankruptcy

: Bankruptcy Law Network

What kind of ?claims? are there in bankruptcy? One of a series

By David Leibowitz, Illinois and Wisconsin Bankruptcy

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People considering bankruptcy must tell their lawyer every claim that anyone has against them.  A claim is basically a right to payment.  Somebody who holds a claim is a “creditor”. Claims can come in many varieties. Claims may be: reduced to judgment or not A judgment is a court order to pay money immediately to the creditor – who as [...]

Full post as published by Bankruptcy Law Network on December 12, 2009 (boomark / email).

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