Creditor's Claim Definition and Legal Meaning

On this page, you'll find the legal definition and meaning of Creditor's Claim, written in plain English, along with examples of how it is used.

What is Creditor's Claim?

It is a the claim by the person or organisation (creditor) who is suppose to get the money from another person or entity who may have decalred themselve bankrupt or any person who is dead. Such claim needs to be in writing. For the claim from a dead persons estate, the claim needs to be in a prescribed format within a given period of time.