Proof of debt
A creditor’s formal submission in an insolvency process setting out the amount owed and supporting the right to claim.
Related terms
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Creditor claim
A creditor’s stated right to be paid, particularly in litigation or an insolvency process where the amount may need to be proved.
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Provable debt
A debt or liability that can be claimed in an insolvency process under the applicable statutory rules.
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Creditor
A person, business, lender or public body to whom money is owed.
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