class of creditors
- class of creditors
A group of creditors entitled to similar treatment. (Bernstein's Dictionary of Bankruptcy Terminology)
United Glossary of Bankruptcy Terms 2012.
- class of creditors
A group of creditors entitled to similar treatment.
US Bankruptcy 2012.
Glossary of Bankruptcy.
Look at other dictionaries:
class of creditors — USA Also known as class. Each of the different categories of claims against a debtor in bankruptcy, accorded similar treatment under a plan of reorganization. Practical Law Dictionary. Glossary of UK, US and international legal terms.… … Law dictionary
class of creditors — A class created by the Bankruptcy Act for the purpose of priority in distribution of a bankrupt s assets. 9 Am J2d Bankr § 1080 … Ballentine's law dictionary
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Companies' Creditors Arrangement Act — Citation RSC 1985, c. C 36 Enacted by Parliament of Canada … Wikipedia
unimpaired class — USA unimpaired, Also known as unimpaired class. A class of creditors whose legal, equitable or contractual rights are not modified in any way by a plan of reorganization, under which they are paid in full. Unimpaired classes are not entitled to… … Law dictionary
Preferential creditor — A preferential creditor (in some jurisdictions called a preferred creditor) is a creditor who receives a preferential right to payment upon the debtor s bankruptcy under applicable insolvency laws.In most legal systems, some creditors are given… … Wikipedia
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trust — A legal entity created by a grantor for the benefit of designated beneficiaries under the laws of the state and the valid trust instrument. The trustee holds a fiduciary responsibility to manage the trust s corpus assets and income for the… … Black's law dictionary
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