Under Section 503(b)(9) of the Bankruptcy Code, creditors may receive administrative-expense priority for the value of goods “received” by the debtor within 20 days before the debtor’s bankruptcy filing in
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Section 503(b)(9)
Section 503(b)(9) Claims: Timing of Payments
When will your company’s Section 503(b)(9) claim be paid? Under normal circumstances, Section 503(b)(9) claims are paid when the debtor makes a final distribution to creditors. However, a Section 503(b)(9)…
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What Constitutes “Goods” Under Bankruptcy Section 503(b)(9)?
As discussed in the prior post, creditors may receive administrative-expense priority for “the value of goods received by the debtor within 20 days before” the debtor’s bankruptcy filing “in…
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Bankruptcy Code Section 503(b)(9): Goods Shipped Within 20 Days
It is your worst nightmare. You ship goods to a company, only to find out that shortly after shipment, it files for bankruptcy. Now, instead of receiving payment for those…
Continue Reading Bankruptcy Code Section 503(b)(9): Goods Shipped Within 20 Days