creditors' bill

An action or suit brought by a creditor to enforce the payment of a debt out of property or an interest of his debtor which cannot be reached by ordinary legal process. 21 Am J2d Cred B § 1. The term is also used broadly to refer to certain other actions brought by creditors, such as a suit brought by the creditors of a decedent to obtain administration of his estate, a suit by junior lien creditors to secure a marshaling of a debtor's assets, and suits to set aside fraudulent conveyances. See marshaling assets; fraudulent conveyances.

Ballentine's law dictionary. . 1998.

Look at other dictionaries:

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