informal proof of claim

Legal Definition of informal proof of claim

: a writing by a creditor that contains a demand for payment of a debt and an intention to hold the debtor's bankruptcy estate liable but that is not in the form prescribed in the Bankruptcy Code for proofs of claim

Note: If an informal proof of claim is filed with the bankruptcy court within the time allowed for filing proofs of claim, the court may allow the creditor to file a proof of claim in its correct form and consider it as having been filed on the date that the informal proof of claim was filed.

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Dictionary Entries Near informal proof of claim

informal contract

informal proof of claim

informal rulemaking

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Cite this Entry

“Informal proof of claim.” Merriam-Webster.com Legal Dictionary, Merriam-Webster, https://www.merriam-webster.com/legal/informal%20proof%20of%20claim. Accessed 21 Oct. 2021.

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