Examples of Avoidance Claim in a sentence
Any Claim objections arising solely under 11 U.S.C. § 502(d) are not subject to the 90 day deadline and may be pursued through an adversary proceeding asserting an Avoidance Claim.
Seller agrees to indemnify Purchaser and save it harmless against any suits, claims, liabilities, demands and expenses, including but not limited to, any loss arising out of the assertion of any Avoidance Claim, and shall pay to Purchaser on demand the amount thereof including attorneys’ fees and expenses, resulting from or arising under this Agreement.
The list of prepetition transfers to creditors during the 90 days prior to the Petition Date and transfers to insiders within one year from the Petition Date (the "Prepetition Transfers") that could potentially constitute any Avoidance Claim was prepared by the Debtors and disclosed on the Schedules and Statement of Financial Affairs that were filed with the Bankruptcy Court on June 29, 2009.
Notwithstanding any other provision in the Plan, no payment or distribution will be made with respect to all or any portion of a Claim or Allowed Claim held by a claimant against whom an Avoidance Claim or Cause of Action is asserted unless and until such Avoidance Claim or Cause of Action has been settled or withdrawn or has been determined by Non-Appealable Order.
With respect to an Avoidance Claim, Seller shall notify Purchaser within two (2) business days of Seller’s becoming aware of the assertion of an Avoidance Claim.