stayed claim definition

stayed claim means a claim which was brought on or before 22 August 2020 (including an appeal from a decision in such a claim) and which is accordingly subject to the stay imposed by rule 55.29;
stayed claim means a claim which was brought on or before 22 August 2020 (including an appeal from a decision in such a claim) and the following rules apply. In stayed claims brought before 3 August 2020 but where no possession order had been made before the stay, either party must file and serve a “reactivation notice” and then the case can be listed, relisted, heard or referred. More on the workings of the reactivation notice later. However, at this point, it has to be queried why the date of 3 August is used when the stay extends to 23 August 2020. That would mean that claims issued after 3 August 2020 would be treated as new claims and parties required to comply with PD55C when it is not yet in force.

Related to stayed claim

  • Secured Claim means a Claim: (a) secured by a valid, perfected, and enforceable Lien on collateral to the extent of the value of such collateral, as determined in accordance with section 506(a) of the Bankruptcy Code or (b) subject to a valid right of setoff pursuant to section 553 of the Bankruptcy Code.

  • DIP Claim means all Claims held by the DIP Lender under the DIP Facility Term Sheet, the DIP Facility, or the Financing Orders, which includes Claims for all principal amounts outstanding of up to $9,000,000 (subject to increase pursuant to the Financing Final Order), plus interest pursuant to the terms of the DIP Facility Term Sheet and the Financing Orders.

  • Settled claim means the original tort claim resolved by a structured settlement.