administrative expense claim


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 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.

Look at other dictionaries:

  • 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 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 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 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 — (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

  • expense — noun 1 cost/money spent on sth ADJECTIVE ▪ considerable, enormous, great, huge, significant, vast ▪ added, additional, extra …   Collocations dictionary

  • Microsoft Corp. v. DAK Industries, Inc. — Microsoft Corp. v. DAK Indus., Inc. Court United States Court of Appeals for the Ninth Circuit Full case name Microsoft Corporation v. Dak Industries Incorporated …   Wikipedia

  • 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

  • post-petition credit — 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

  • economic systems — Introduction       the way in which humankind has arranged for its material provisioning. One would think that there would be a great variety of such systems, corresponding to the many cultural arrangements that have characterized human society.… …   Universalium


Share the article and excerpts

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

We are using cookies for the best presentation of our site. Continuing to use this site, you agree with this.