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

  • class — n: a group of persons or things having characteristics in common: as a: a group of persons who have some common relationship to a person making a will and are designated to receive a gift under the will but whose identities will not be determined …   Law dictionary

  • class — See tranche. American Banker Glossary In the case of derivative products, options of the same type put or call with the same underlying security. Bloomberg Financial Dictionary See: series. Bloomberg Financial Dictionary In general, refers to a… …   Financial and business terms

  • Companies' Creditors Arrangement Act — Citation RSC 1985, c. C 36[1] 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

  • Chapter 11, Title 11, United States Code — Bankruptcy in the United States Bankruptcy in the United States Authority · History U.S. Trustee Court  …   Wikipedia

  • 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

  • Mar E Floresta — Mar e Floresta, literally translated to Sea and Forest , is the Portuguese immersion camp offered by Concordia Language Villages. The camp is located in Maplelag Ski Resort, of Callaway, Minnesota. As of now, Mar e Floresta uses about half of the …   Wikipedia

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