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Searching Content indexed under Financial Restructuring by Cooley LLP ordered by Published Date Descending.
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The New Section 503(b)(9) Administrative Claim: The Latest On What Courts And Debtors Have Been Doing
A couple of months ago I posted on the new "20 day goods" administrative claim enacted as part of the Bankruptcy Abuse Prevention and Consumer Protection Act of 2005 ("BAPCPA"). BAPCPA, which took effect in October 2005, added Section 503(b)(9) to the Bankruptcy Code giving vendors an administrative priority claim for "the value of any goods received by the debtor within 20 days before" the date the bankruptcy petition was filed, as long as "the goods have been sold to the debtor in the ordinary
United States
16 Apr 2007
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Delaware Bankruptcy Court Denies Reclamation Claimant´s TRO Request To Stop Sale Of Goods
In a recent post, I discussed how Section 546(c) of the Bankruptcy Code, as revised by the Bankruptcy Abuse Prevention and Consumer Protection Act of 2005 ("BAPCPA"), gives vendors the ability to assert a reclamation claim for goods received by a debtor in the 45 days prior to the bankruptcy filing.
United States
16 Apr 2007
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