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Legal Dictionary of Pakistan

Quick lookup for English, Urdu, and Latin legal terms used in Pakistani jurisprudence.

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.

informal proof of claim.

See 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.