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.

RELATED TERMS
  1. Creditors' Committee

    A group of people who represent a company's creditors in a bankruptcy ...
  2. Creditor

    An entity (person or institution) that extends credit by giving ...
  3. Notice Of Default

    A public notice filed with a court stating that a mortgage borrower ...
  4. Involuntary Bankruptcy

    A legal proceeding in which a person or business is requested ...
  5. Automatic Stay

    A legal provision that temporarily prevents creditors from pursuing ...
  6. Receiver

    A person appointed by a bankruptcy court or secured creditor ...
Related Articles
  1. Economics

    What Does a Creditor Do?

    A creditor is a person or entity that loans money or provides goods or services to another entity with the expectation of being paid back in the future.
  2. Credit & Loans

    7. Discover Your Creditor's Limits

    Take charge of your finances in seven simple steps.
  3. Entrepreneurship

    Alternatives To Business Bankruptcy

    Bankruptcy isn't the only alternative for a struggling business. It can try negotiating with creditors or liquidating assets outside the U.S courts.
  4. Credit & Loans

    2. Expect A Fight

    Take charge of your finances in seven simple steps.
  5. Credit & Loans

    3. Send A Money Order

    Take charge of your finances in seven simple steps.
  6. Credit & Loans

    Fighting Back Against Collection Lawsuits

    There are still options available to those being pursued by a creditor.
  7. Credit & Loans

    Credit And Debt Management: Debt Collection And Bankruptcy

    by Cathy ParetoIt's never a good day when a debt collector is knocking on your door. Not only is being on the receiving end of debt collection costly, it can be downright stressful and humiliating. ...
  8. Home & Auto

    Equity Stripping Leaves Creditors Empty-Handed

    Add additional debt to your real estate assets to keep the creditors at bay.
  9. Bonds & Fixed Income

    Taking Advantage Of Corporate Decline

    A bankrupt company can provide great opportunities for savvy investors.
  10. Options & Futures

    Should You File For Bankruptcy?

    Find out how to determine whether this option will help or hurt your financial situation.
RELATED FAQS
  1. In a corporate liquidation, why are unpaid taxes and wages paid before general creditors ...

    The Bankruptcy Code, section 507, states that when a corporation is liquidated, creditors are paid in a particular order: ... Read Answer >>
  2. What are the full rights of creditors in cases of bankruptcy?

    Learn more about corporate bankruptcy and the rights of creditors. Find out how creditors are repaid in the event of bankruptcy ... Read Answer >>
  3. How do I file a proof of claim against someone who has filed bankruptcy?

    Find out how to file a proof of claim as a creditor when someone who owes you money submits a bankruptcy petition, halting ... Read Answer >>
  4. Who can attend the meeting of creditors (341 hearing)?

    Learn about who may attend and what typically takes place at a 341 creditors hearing. Find out about the role of the trustee ... Read Answer >>
  5. Do creditors have the same rights in all 50 US states?

    Learn more about the rights of creditors to pursue their debts; how they may vary from state to state and how they are regulated ... Read Answer >>
  6. Can a creditor seize my retirement savings?

    Whether a creditor can seize your retirement savings will depend on the type of account in which you are holding your retirement ... Read Answer >>
Hot Definitions
  1. Law Of Demand

    A microeconomic law that states that, all other factors being equal, as the price of a good or service increases, consumer ...
  2. Cost Of Debt

    The effective rate that a company pays on its current debt. This can be measured in either before- or after-tax returns; ...
  3. Yield Curve

    A line that plots the interest rates, at a set point in time, of bonds having equal credit quality, but differing maturity ...
  4. Stop-Limit Order

    An order placed with a broker that combines the features of stop order with those of a limit order. A stop-limit order will ...
  5. Keynesian Economics

    An economic theory of total spending in the economy and its effects on output and inflation. Keynesian economics was developed ...
  6. Society for Worldwide Interbank Financial Telecommunications ...

    A member-owned cooperative that provides safe and secure financial transactions for its members. Established in 1973, the ...
Trading Center