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Subject:
Bankruptcy: Contingent and Unliquidated Claims
Category: Relationships and Society > Law Asked by: chriso_312-ga List Price: $2.50 |
Posted:
13 Jul 2003 08:27 PDT
Expires: 12 Aug 2003 08:27 PDT Question ID: 229429 |
What is a plain-English definition, including example, of a claim considered "Contingent" in bankruptcy? Similarly, how about a claim considered "Unliquidated" ? Thank you |
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Subject:
Re: Bankruptcy: Contingent and Unliquidated Claims
Answered By: easterangel-ga on 13 Jul 2003 08:46 PDT Rated: ![]() |
Hi! Thanks for the question. Here are the definitions for each of them. Contingency Claim - "A claim that may be owed by the debtor under certain circumstances, for example, where the debtor is a cosigner on another persons loan and that person fails to pay." http://www.filing-bankruptcy-form.com/bankruptcy-terms.html#25 Unliquidated Claim - "A claim for which a specific value has not been determined." http://www.filing-bankruptcy-form.com/bankruptcy-terms.html#78 Search Strategy: bankruptcy terms I hope these links would help you in your research. Before rating this answer, please ask for a clarification if you have a question or if you would need further information. Thanks for visiting us. Regards, Easterangel-ga Google Answers Researcher |
chriso_312-ga
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