hypothetical creditor

Bankruptcy. An actual or code-created judicial-lien creditor or bona fide purchaser who establishes a bankruptcy trustee’s status under the Bankruptcy Code’s priority scheme, claiming property through the debtor at the time of the bankruptcy filing. 11 USCA § 544.

— Also termed hypothetical lien creditor. [Cases: Bankruptcy 2704, 2705. C.J.S. Bankruptcy §§ 123, 134, 158.]

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