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The $382,901 Check Really is in the Mail



by David H. Conaway
Shumaker, Loop & Kendrick, LLP - Charlotte Office

May 30, 2013

Previously published on May 2013

We recently delivered a $382,901 check to a client in payment of a Bankruptcy Section 503(b)(9) claim, known as a “20-day administrative” claim. The claim arose from the client’s pre-petition sale of goods to its customer. General unsecured creditors received nothing.


 

The views expressed in this document are solely the views of the author and not Martindale-Hubbell. This document is intended for informational purposes only and is not legal advice or a substitute for consultation with a licensed legal professional in a particular case or circumstance.
 

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