All > Law > Bankruptcy
An officer of the Justice Department responsible for supervising the administration of bankruptcy cases, estates, and trustees; monitoring plans and disclosure statements; monitoring creditors' committees; monitoring fee applications; and performing other statutory duties. Compare, bankruptcy administrator.
- Browse Related Terms: bankruptcy administrator, bankruptcy administrators, Chief Judge, Clerk of Court, party in interest, standing trustee, U.S. trustee, u.s. trustees
All > Law > Bankruptcy
Supervise the administration of bankruptcy cases and trustee; relieve bankruptcy judges of routine administrative matters, such as appointing case trustees, naming creditors committee members, and conducting meetings of creditors; appointed by the Attorney General of the United States for five-year terms.
- Browse Related Terms: bankruptcy administrator, bankruptcy administrators, Chief Judge, Clerk of Court, party in interest, standing trustee, U.S. trustee, u.s. trustees
All > Law > Bankruptcy
A debt secured by property that is worth less than the full amount of the debt.
- Browse Related Terms: consumer debtor, equity, Garnishment, Lien, nondischargeable debt, secured creditor, statement of intention, undersecured claim, unsecured claim, unsecured creditor
All > Law > Bankruptcy
A claim for which a specific value has not been determined.
- Browse Related Terms: automatic stay, automatic stay provision, bankruptcy petition, contingent claim, creditor, Debtor, fresh start, joint petition, liquidated claim, matrix, Priority, priority claim, proof of claim, schedules, unliquidated claim, unscheduled debt
All > Law > Bankruptcy
A debt that should have been listed by the debtor in the schedules filed with the court but was not. (Depending on the circumstances, an unscheduled debt may or may not be discharged.)
- Browse Related Terms: automatic stay, automatic stay provision, bankruptcy petition, contingent claim, creditor, Debtor, fresh start, joint petition, liquidated claim, matrix, Priority, priority claim, proof of claim, schedules, unliquidated claim, unscheduled debt
All > Law > Bankruptcy
A claim or debt for which a creditor holds no special assurance of payment, such as a mortgage or lien; a debt for which credit was extended based solely upon the creditor's assessment of the debtor's future ability to pay.
- Browse Related Terms: consumer debtor, equity, Garnishment, Lien, nondischargeable debt, secured creditor, statement of intention, undersecured claim, unsecured claim, unsecured creditor
All > Law > Bankruptcy
A creditor without security for the debt.
- Browse Related Terms: consumer debtor, equity, Garnishment, Lien, nondischargeable debt, secured creditor, statement of intention, undersecured claim, unsecured claim, unsecured creditor