CFR > Title 30 > Chapter V > Subchapter B > Part 553 > Subpart F – Claims for Oil-Spill Removal Costs and Damages
Current as of: 2024 | Check for updates
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Other versions
| § 553.60 | To whom may I present a claim? |
| § 553.61 | When is a guarantor subject to direct action for claims? |
| § 553.62 | What are the designated applicant’s notification obligations regarding a claim? |
Terms Used In CFR > Title 30 > Chapter V > Subchapter B > Part 553 > Subpart F - Claims for Oil-Spill Removal Costs and Damages
- Bankruptcy: Refers to statutes and judicial proceedings involving persons or businesses that cannot pay their debts and seek the assistance of the court in getting a fresh start. Under the protection of the bankruptcy court, debtors may discharge their debts, perhaps by paying a portion of each debt. Bankruptcy judges preside over these proceedings.
- Damages: Money paid by defendants to successful plaintiffs in civil cases to compensate the plaintiffs for their injuries.
- Guarantor: A party who agrees to be responsible for the payment of another party's debts should that party default. Source: OCC
- Jurisdiction: (1) The legal authority of a court to hear and decide a case. Concurrent jurisdiction exists when two courts have simultaneous responsibility for the same case. (2) The geographic area over which the court has authority to decide cases.
- Lawsuit: A legal action started by a plaintiff against a defendant based on a complaint that the defendant failed to perform a legal duty, resulting in harm to the plaintiff.