April 2007
Bankruptcy Court Decides When Trade Vendor Priority Claims Get PaidBy Francis J. Lawall and James C. Carignan
The U.S. Bankruptcy Court for the Eastern District of Pennsylvania recently issued one of the first decisions in the Third U.S. Circuit Court of Appeals to interpret §503(b)(9), an important new Bankruptcy Code provision passed under the Bankruptcy Abuse Prevention and Consumer Protection Act: In re Bookbinders’ Restaurant Inc. §503(b)(9) is certain to impact the relationship between a debtor seeking to reorganize and the trade vendors that deal with it.
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