Disallowance: Canada Debt .ca defines Disallowance

Bankruptcy Term Disallowance

<<< Back

Canada Debt has the definition to the bankruptcy and debt term Disallowance. Finding answers to terms such as Disallowance can be difficult, especially if there is more than one definition which is why we have created a page dedicated to financial terms dealing exclusively with debt. Disallowance in financial terms means...

In debt and bankruptcy terms, the phrase / term 'Disallowance' is used as follows:

To refuse or to set aside. For example, the Trustee in Bankruptcy, under the Bankruptcy and Insolvency Act, can disallow a claim submitted by a creditor.