proof of claim

proof of claim. Bankruptcy. A creditor’s written statement that is submitted to show the basis and amount of the creditor’s claim. Pl. proofs of claim.[Cases: Bankruptcy 2891–2904. C.J.S. Bankruptcy §§ 268–279.]

informal proof of claim. A proof of claim stating a creditor’s demand for payment and intent to hold the debtor’s bankruptcy estate liable, but that does not comply with the Bankruptcy Code’s form for proofs of claim. • A late-filed proof of claim may be given effect if the creditor had timely filed an informal proof of claim. [Cases: Bankruptcy 2902. C.J.S. Bankruptcy § 276.]

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