Reclamation refers to the right of the creditor to reclaim property sold to the debtor immediately before the filing of a bankruptcy. Under certain circumstance, when a seller discovers after it delivers goods to a buyer, that the buyer is insolvent, the seller can demand that the goods be returned to the seller. In such cases, the creditor can use this right of reclamation. The right to reclaim property by a vendor can be exercise either before a bankruptcy or after the bankruptcy. The rights to reclaim goods before bankruptcy is limited to the ten day period after the goods are received. After bankruptcy has been declared the creditor can assert a reclamation demand for goods received within 45 days of the bankruptcy filing by filing a written demand. This form contains details of the bankrupt individual and the terms and conditions applicable for the term of bankruptcy and until its payment. Below is a sample template of Bankruptcy Reclamation form.
The sample format of Bankruptcy Reclamation template is available online in both MS Word and PDF format. Both MS Word and PDF format allows you to edit and customize according to your requirement.
Bankruptcy Reclamation Form
Related Posts to Bankruptcy Forms
Bankruptcy Proof of Claim Form Example
There are various kinds of bankruptcy forms. There is bankruptcy release form, bankruptcy discharge form etc. There is also notice of bankruptcy form.
Bankruptcy Discharge Form Sample
The Bankruptcy discharge is used for releasing the debtor from any kind of personal liability for particular kinds of debts.
Bankruptcy Application Form Word Format
When you file a case with the state court then the very first step in this process is filling Bankruptcy Application Form.
Bankruptcy Appearance Form Template
It is a document usually filed by an attorney for a creditor indicating that the attorney is representing the creditor in the bankruptcy case and that the attorney
Free Bankruptcy Form
Official bankruptcy forms must be used to file and take action in bankruptcy cases. Procedural forms may also be necessary during the course of some bankruptcy procedures.
Notice of Bankruptcy Form
A notice of bankruptcy form is a demand for payments of money, at the request of a creditor.
Bankruptcy Voluntary Dismissal Form
A dismissal occurs when the petitioner does not meet the terms of bankruptcy. Bankruptcy dismissal can be voluntary or involuntary.
Bankruptcy Release Form
When a bankrupt is discharged from bankruptcy he or she is released from the legal obligation to repay debts
Bankruptcy Reaffirmation Form
Bankruptcy reaffirmation agreements are made between bankruptcy debtors and secured creditors.
Bankruptcy Order Forms
This is a legal document that is issued by the bankruptcy court of a country. Bankruptcy order forms contain information needed to comply with the needs of the bankruptcy case and discussions between the debtors attorney the creditors and their attorney.
Bankruptcy Dismissal Form
A dismissal of a bankruptcy case can be sought by the debtor, trustee, creditor, or other party in interest.
Bankruptcy Amendment Form
This form is used when a mistake is made while filling a bankruptcy petition. The debtors generally resort to bankruptcy amendment when they have not included a forgotten debt.
Fillable Bankruptcy Form
A Filliable Bankruptcy Form is filled up by those who want file a case under the bankruptcy law. It is generally produced when a creditor fails to repay the amount which he borrowed from the creditor.
Bank Statement Form
A bank statement form is a financial statement which declares the current account statistics of an individual or an organization.