What is a Proof of Claim? – NJ Bankruptcy Glossary

Definition of the NJ Bankruptcy Term – Proof of Claim

Proof of Claim:

a written statement submitted with verifying documentation filed by a creditor describing the reason the debtor owes the creditor money

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Note: the above definition of Proof of Claim was written in a simplified form for non-lawyers and may require a legal interpretation of how Proof of Claim may impact your bankruptcy filing.