Akademik

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.