Claim - A creditor's assertion of a right to payment from a debtor or the debtor's property.⏎
Collateral - Property that is promised as security for the satisfaction of a debt.⏎
Class action - A lawsuit in which one or more members of a large group, or class, of individuals or other entities sue on behalf of the entire class. The district court must find that the claims of the class members contain questions of law or fact in common before the lawsuit can proceed as a class action.⏎
Clerk of court - The court officer who oversees administrative functions, especially managing the flow of cases through the court. The clerk's office is often called a court's central nervous system.⏎
Consumer debts - Debts incurred for personal, as opposed to business, needs.⏎