Priority - The Bankruptcy Code's statutory ranking of unsecured claims that determines the order in which unsecured claims will be paid if there is not enough money to pay all unsecured claims in full.⏎
Proof of claim - A written statement describing the reason a debtor owes a creditor money, which typically sets forth the amount of money owed. (There is an official form for this purpose.)⏎
Plan - A debtor's detailed description of how the debtor proposes to pay creditors' claims over a fixed period of time.⏎
Property of the estate - All legal or equitable interests of the debtor in property as of the commencement of the case.⏎
Petition - The document that initiates the filing of a bankruptcy proceeding, setting forth basic information regarding the debtor, including name, address, chapter under which the case is filed, and estimated amount of assets and liabilities.⏎