Notice to Creditors

Written By
Paul Tracy
Updated July 11, 2021

What is a Notice to Creditors?

The notice to creditors is a way to inform creditors of their opportunity to make claims against a bankrupt company, an estate or other entity.

How Does a Notice to Creditors Work?

Let's say Company XYZ files for bankruptcy. As part of the proceedings, the court publishes a notice to creditors in the local newspaper and one national paper, advising all creditors to appear in court on Monday, January 15, at 3 p.m. if they have claims to present against Company XYZ.

After January 15, these creditors then meet and organize their claims against Company XYZ. Creditors who miss the January 15 deadline are not allowed to make claims against Company XYZ.

Notices to creditors can be involved in personal bankruptcies, estate issues and other matters. Here is an example of one recently published in a Florida newspaper:

Why Does a Notice to Creditors Matter?

A notice to creditors is a public notice advising the general public about when and where to appear if they have a claim on a certain estate.

Activate your free account to unlock our most valuable savings and money-making tips
  • 100% FREE
  • Exclusive money-making tips before we post them to the live site
  • Weekly insights and analysis from our financial experts
  • Free Report - 25 Ways to Save Hundreds on Your Monthly Expenses
  • Free Report - Eliminate Credit Card Debt with these 10 Simple Tricks
Ask an Expert
All of our content is verified for accuracy by Paul Tracy and our team of certified financial experts. We pride ourselves on quality, research, and transparency, and we value your feedback. Below you'll find answers to some of the most common reader questions about Notice to Creditors.
Be the first to ask a question

If you have a question about Notice to Creditors, then please ask Paul.

Ask a question

Paul has been a respected figure in the financial markets for more than two decades. Prior to starting InvestingAnswers, Paul founded and managed one of the most influential investment research firms in America, with more than 3 million monthly readers.

If you have a question about Notice to Creditors, then please ask Paul.

Ask a question Read more from Paul
Paul Tracy - profile
Ask an Expert about Notice to Creditors

By submitting this form you agree with our Privacy Policy

Don't Know a Financial Term?
Search our library of 4,000+ terms