convenience claims

convenience claims
convenience claims
(see small claims) (Glossary of Common Bankruptcy Terms)

under a plan of reorganization or liquidation, claims that are small (e.g. in the hundreds or thousands of dollars range) and numerous are often grouped into a single class and settled for cash for administrative convenience (Glossary of Common Bankruptcy Terms)

United Glossary of Bankruptcy Terms 2012.


Glossary of Bankruptcy.

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