In 2005, ' 503(b)(9) was added to the Bankruptcy Code to provide an administrative priority claim for the “value of any goods received by the debtor within 20 days before the date of commencement of a case ' in which the goods have been sold to the debtor in the ordinary course of such debtor's business.”
'Would You Like Fries with That?'
Recent court decisions addressing the classification of "goods" versus "services" have shed some light on the proper definition of "goods" in the context of whether a particular claim is for "goods" under ' 503(b)(9). However, these decisions have left open some key questions.
By
Steve Krause And Irina BoulyjenkovaThis premium content is locked for The Bankruptcy Strategist subscribers only
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