Bankruptcy terms starting with P

15 terms

  1. party in interest A party who has standing to be heard by the court in a matter to be decided in the bankruptcy case. The debtor, the U.S.
  2. petition preparer A business not authorized to practice law that prepares bankruptcy petitions.
  3. plaintiff A person or business that files a formal complaint with the court.
  4. Plan A benefit your employer, union or other group sponsor provides to you to pay for your health care services.
  5. plan of reorganization Sets out how a debtor in Chapter 11 reorganization proposes to repay its creditors.
  6. postpetition transfer A transfer of the debtor's property made after the commencement of the case.
  7. prebankruptcy planning The arrangement (or rearrangement) of a debtor's property to allow the debtor to take maximum advantage of exemptions.
  8. preference or preferential debt payment A debt payment made to a creditor in the 90-day period before a debtor files bankruptcy (or within one year if the creditor was an insider) that gives the…
  9. presumption of abuse .
  10. pretrial conference Scheduling conference at which trial, motion cut-off, and other dates are set.
  11. priority The Bankruptcy Code's statutory ranking of unsecured claims that determines the order in which unsecured claims will be paid if there is not enough money…
  12. priority claim An unsecured claim that is entitled to be paid ahead of other unsecured claims that are not entitled to priority status.
  13. pro se A nonlawyer who represents himself or herself in a court proceeding.
  14. proof of claim A written statement and verifying documentation filed by a creditor that describes the reason the debtor owes the creditor money.
  15. property of the estate All legal or equitable interests of the debtor in property as of the commencement of the case.