allowed claim
allowed claim
a claim of a creditor (or an equity interest) that is approved by the court for satisfaction under the plan of reorganization (Glossary of Common Bankruptcy Terms)

(or allowed interest) (Common Bankruptcy Terms)

A claim of a creditor (or an equity holder) that is approved by the court. Only allowed claims (or allowed interests) receive distributions from the bankruptcy estate (SA-Bankruptcy.com)

United Glossary of Bankruptcy Terms 2012.


Glossary of Bankruptcy.

Look at other dictionaries:

  • allowed claim — USA A claim which the court has approved for payment under a plan of reorganization. Practical Law Dictionary. Glossary of UK, US and international legal terms. www.practicallaw.com. 2010 …   Law dictionary

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  • allowed — I adjective acceptable, accepted, acknowledged, admissible, admitted, allowable, approvable, approved, authorized, certified, chartered, commissioned, conceded, consented, eligible, empowered, endorsed, enfranchised, granted, justified, lawful,… …   Law dictionary

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