Bankruptcy Terminology
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UNITED STATES TRUSTEE
An officer of the Justice Department responsible for supervising the administration of bankruptcy cases, estates, and trustees, monitoring plans and disclosure statements, monitoring creditors’ committees, monitoring fee applications, and performing other statutory duties.
UNDERSECURED CLAIM
A debt secured by property that is worth less than the amount of the debt.
UNLAWFUL DETAINER ACTION
A lawsuit brought by a landlord against a tenant to evict the tenant from rental property—usually for nonpayment of rent.
UNLIQUIDATED CLAIM
A claim for which a specific value has not been determined.
UNSCHEDULED DEBT
A debt that should have been listed by a debtor in the schedules filed with the court but was not. (Depending on the circumstances, an unscheduled debt may or may not be discharged.)
UNSECURED CLAIM
A claim or debt for which a creditor holds no special assurance of payment, such as a mortgage or lien; a debt for which credit was extended based solely upon the creditor’s assessment of the debtor’s future ability to pay.
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