Dictionary
proof of claim
the written statement a creditor must file to document the amount and basis of its claim against a debtor
In its proof of claim the bank cited a credit card balance transfer agreement in the debtor's name dated January 7, 2005, in the amount of $10 000 at 4.9% interest.
Phrase Bank
- One of the company's unsecured creditors faxed its proof of claim to the claims agent at 4:43 p.m. on October 11.
- In order to preserve any claim you have, you must file a proof of claim before April 14, 2009.