Third Circuit Defines 'Received' for Section 503 (B)(9) Claims

For over a decade now, the Bankruptcy Code has granted a priority of payment with regard to creditor claims for goods received by the debtor in the 20 days before bankruptcy. A creditor merely needs to demonstrate that the debtor "received" the goods within the prescribed pre-bankruptcy interval, and its claim attains priority as an administrative expense. Ah, but therein lies the rub.

11 minute read December 01, 2017 at 12:02 AM
By
Anthony Michael Sabino
Third Circuit Defines 'Received' for Section 503 (B)(9) Claims

For over a decade now, the Bankruptcy Code has granted a priority of payment with regard to creditor claims for goods received by the debtor in the 20 days before bankruptcy.

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