503(b)(9) Claims – Not Merely A Bargaining Chip
In essence, section 503(b)(9) grants an administrative claim for the value of goods received by a debtor within 20 days of its bankruptcy filing. These 503(b)(9) claims — like all other administrative claims — must be paid in full before a Chapter 11 debtor can exit from bankruptcy.
Two fundamental consequences have flowed from the congressional decision to greatly expand the...
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