What is COLORABLE CLAIM? Definition of COLORABLE CLAIM in Black's Law Dictionary - Legal dictionary - Glossary of legal terms.
In bankruptcy law, a claim made by one holding the property as an agent or bailee of the bankrupt; a claim in which as a matter of law, there Is no adverseness. In re if tim, C.C.A.Wis., 202 F. 883, 884; In re Western Rope & Mfg. Co., C.C.A.Okl., 298 F. 926, 927.
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That's the definition of COLORABLE CLAIM in Black's Law Dictionary - Legal dictionary - Glossary of legal terms. Courtesy of Cekhukum.com.