Proven Claims: Canada Debt .ca defines Proven Claims

Bankruptcy Term Proven Claims

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Canada Debt has the definition to the bankruptcy and debt term Proven Claims. Finding answers to terms such as Proven Claims 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. Proven Claims in financial terms means...

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

Claims that have been filed in the proper manner with evidence to prove what is owed and subsequently accepted by the Trustee in Bankruptcy and used as the basis for the payment of dividends when there are monies to distribute.