reditors listed with an amount next to `Contingent`

July 6th, 2009 by Questions

Why are some creditors listed with an amount next to `Contingent` with nothing under unsecured, secured or preferred in the amount of debt/ Whant does this mean?

Posted from: British Columbia


One Response to “reditors listed with an amount next to `Contingent`”

, Barton Goth - Goth & Company Inc. -Trustee in Bankruptcy said:

A contingent creditor is a creditor that is dependent on some event in the future happening. For a better explanation we would need to look at the circumstances surrounding these creditors and you are best to simply discuss this with your trustee.

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