superpriority — USA superpriority claim, Also known as superpriority. Special priority status granted by the court to a claim arising after the filing of the bankruptcy petition, allowing it to be paid ahead of all other prepetition and postpetition claims,… … Law dictionary
superpriority — The granting, to a post petition claim, of a priority right to payment above all other pre and post petition claims. also see Credit, Post Petition (Bernstein s Dictionary of Bankruptcy Terminology) United Glossary of Bankruptcy Terms 2012.… … Glossary of Bankruptcy
superpriority claim — USA superpriority claim, Also known as superpriority. Special priority status granted by the court to a claim arising after the filing of the bankruptcy petition, allowing it to be paid ahead of all other prepetition and postpetition claims,… … Law dictionary
Chapter 13 — bankruptcy proceedings for an individual with the intention of rescheduling the individual s debt (rather than liquidating the individual s assets and debt; an individual files under Chapter 7 to liquidate), Chapter 13 is referred to as… … Glossary of Bankruptcy
credit, post-petition — The debtor in possession is allowed to incur unsecured debt in the ordinary course of business without prior court approval. Such debt will be considered a post petition claim, also referred to as an administrative expense claim. To have the new… … Glossary of Bankruptcy
Subordination (finance) — Subordination in banking and finance refers to the order of priorities in claims for ownership or interest in various assets.United States lawubordination of debtSubordination is the process by which a creditor is placed in a lower priority for… … Wikipedia
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 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 — 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 — 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
