prorating claims

prorating claims
A distribution of assets to creditors in proportion to the size of their respective claims where there are insufficient assets for payment of all claims in full. 31 Am J2d Ex & Ad § 314. The rule in bankruptcy as between claims of equal standing and priority. 9 Am J2d Bankr § 1262.

Ballentine's law dictionary. . 1998.

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  • prorating attachments — Placing all attaching creditors on an equality in point of precedence, each one sharing in the property attached in the proportion which his claim bears to the total of claims of attaching creditors. 6 Am J2d Attach § 467 …   Ballentine's law dictionary

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