Proof of Claim: Canada Debt .ca defines Proof of Claim

Bankruptcy Term Proof of Claim

<<< Back

Canada Debt has the definition to the bankruptcy and debt term Proof of Claim. Finding answers to terms such as Proof of Claim 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. Proof of Claim in financial terms means...

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

A prescribed form that will be sent along with the notice of bankruptcy or notice of proposal. Creditors are required to fill out and return this form to the trustee, or to the administrator of the consumer proposal, in order to prove their claim. If a meeting of creditors is called, those creditors wishing to vote at the meeting must file their proof of claim with the trustee before the time set for the opening of the meeting.