Notice To Creditors


DEFINITION of 'Notice To Creditors'

A public notice to the creditors and debtors of an estate. The notice to creditors is usually posted in the public newspaper. The notice requests all interested parties to appear in court and either present their claim or make their payment.

BREAKING DOWN 'Notice To Creditors'

A notice to creditors is also filed for bankruptcy proceedings, as well as for estate adjudication. In the event of bankruptcy, the notice is filed before the first meeting of creditors. This meeting is where creditors gather to make their claims against the defendant.

  1. Secured Creditor

    Any creditor or lender that takes collateral for the extension ...
  2. Loan

    The act of giving money, property or other material goods to ...
  3. Unsecured Creditor

    An individual or institution that lends money without obtaining ...
  4. Creditor

    An entity (person or institution) that extends credit by giving ...
  5. Lien

    The legal right of a creditor to sell the collateral property ...
  6. Encumbrance

    A claim against a property by a party that is not the owner. ...
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