administrative claim

administrative claim
USA
administrative claim, Also known as administrative expense claim and administrative expense.
A claim for expenses incurred with court approval for the actual and necessary costs of preserving the estate, after the filing of a bankruptcy petition. After the payment of secured claims and superpriority claims, administrative claims are entitled to the highest priority in distribution of the assets of the estate.

Practical Law Dictionary. Glossary of UK, US and international legal terms. . 2010.

Игры ⚽ Поможем написать реферат

Look at other dictionaries:

  • administrative claim — (or administrative expense claim) debt incurred by the debtor, with court approval, after the bankruptcy filing including: necessary costs of preserving the estate, wages, salaries, court costs, lawyers fees, accountants fees, trustees expenses,… …   Glossary of Bankruptcy

  • Twenty (20) Day Administrative Claim — (also 503(b)(9) claim) 503(b)(9) adds a new section for administrative claims for reclaiming creditors that is limited to the value of the goods received by the debtor in the ordinary course of business within 20 days before filing. (Bernstein s… …   Glossary of Bankruptcy

  • Twenty Day Administrative Claim — (also 503(b)(9) claim) 503(b)(9) adds a new section for administrative claims for reclaiming creditors that is limited to the value of the goods received by the debtor in the ordinary course of business within 20 days before filing. (Bernstein s… …   Glossary of Bankruptcy

  • 20 Day Administrative Claim — (also 503(b)(9) claim) 503(b)(9) adds a new section for administrative claims for reclaiming creditors that is limited to the value of the goods received by the debtor in the ordinary course of business within 20 days before filing. (Bernstein s… …   Glossary of Bankruptcy

  • 20-Day Administrative Claim — (also 503(b)(9) claim) 503(b)(9) adds a new section for administrative claims for reclaiming creditors that is limited to the value of the goods received by the debtor in the ordinary course of business within 20 days before filing. (Bernstein s… …   Glossary of Bankruptcy

  • administrative expense claim — USA administrative claim, Also known as administrative expense claim and administrative expense. A claim for expenses incurred with court approval for the actual and necessary costs of preserving the estate, after the filing of a bankruptcy… …   Law dictionary

  • administrative expense claim — (or administrative claim) debt incurred by the debtor, with court approval, after the bankruptcy filing including: necessary costs of preserving the estate, wages, salaries, court costs, lawyers fees, accountants fees, trustees expenses, etc… …   Glossary of Bankruptcy

  • administrative expenses — In a Chapter 13 bankruptcy case, the trustee s fee, the debtor s attorney fees, and other costs of bringing a bankruptcy case, which the debtor must pay in full. Administrative costs are typically 10% of the debtor s total payments under the… …   Law dictionary

  • administrative expense — USA administrative claim, Also known as administrative expense claim and administrative expense. A claim for expenses incurred with court approval for the actual and necessary costs of preserving the estate, after the filing of a bankruptcy… …   Law dictionary

  • Administrative divisions of the Republic of China — This article is part of a series on the Administrative divisions of the Republic of China (Taiwan) In effect 1st Provinces (省 shěng) (streamlined) …   Wikipedia

Share the article and excerpts

Direct link
Do a right-click on the link above
and select “Copy Link”