Legal Dictionary of Pakistan
Quick lookup for English, Urdu, and Latin legal terms used in Pakistani jurisprudence.
gap creditor
Bankruptcy. A creditor who extends credit to, lends money to, or has a claim arise against the debtor in the period between the filing of an involuntary bankruptcy petition and the entry of the order for relief. 0 Under the Bankruptcy Code, a gap creditor's claim receives second priority, immediately below administrative claims. 11 USCA ยงยง 502(f), 507(a)(2).