credit, post-petition
credit, post-petition
The debtor in possession is allowed to incur unsecured debt in the ordinary course of business without prior court approval. Such debt will be considered a post-petition claim, also referred to as an administrative expense claim. To have the new credit secured or be granted a superpriority, the extension of credit must be approved by the court.
also see post-petition claim (Bernstein's Dictionary of Bankruptcy Terminology)

United Glossary of Bankruptcy Terms 2012.

credit, post-petition
The debtor in possession is allowed to incur unsecured debt in the ordinary course of business without prior court approval. Such debt will be considered a post-petition claim, also referred to as an administrative expense claim. To have the new credit secured or be granted a superpriority, the extension of credit must be approved by the court. also see Claim, Post-Petition

US Bankruptcy 2012.


Glossary of Bankruptcy.

Look at other dictionaries:

  • post-petition — occurs after the filing of a petition (Glossary of Common Bankruptcy Terms) United Glossary of Bankruptcy Terms 2012. post petition ADMINISTRATIVE EXPENSE (under Claim, Post Petition) FINANCING (under Credit, Post Petition) Under Chapter 13,… …   Glossary of Bankruptcy

  • post-petition financing — see credit, post petition (Bernstein s Dictionary of Bankruptcy Terminology) United Glossary of Bankruptcy Terms 2012 …   Glossary of Bankruptcy

  • post-petition credit — The debtor in possession is allowed to incur unsecured debt in the ordinary course of business without prior court approval. Such debt will be considered a post petition claim, also referred to as an administrative expense claim. To have the new… …   Glossary of Bankruptcy

  • financing, post-petition — see credit, post petition (Bernstein s Dictionary of Bankruptcy Terminology) United Glossary of Bankruptcy Terms 2012. financing, post petition see Credit, Post Petition …   Glossary of Bankruptcy

  • Social Credit Party of Alberta — Infobox Canada Political Party party name = Alberta Social Credit Party party wikicolourid = Social Credit status = active class = prov party leader = Len Skowronski president = Earl Solberg foundation = 1935 dissolution = ideology = Conservatism …   Wikipedia

  • superpriority — The granting, to a post petition claim, of a priority right to payment above all other pre and post petition claims. also see Credit, Post Petition (Bernstein s Dictionary of Bankruptcy Terminology) United Glossary of Bankruptcy Terms 2012.… …   Glossary of Bankruptcy

  • administrative expense claim — (or administrative claim) debt incurred by the debtor, with court approval, after the bankruptcy filing including: necessary costs of preserving the estate, wages, salaries, court costs, lawyers fees, accountants fees, trustees expenses, etc… …   Glossary of Bankruptcy

  • plan — The terms and conditions under which the debtor will pay creditors claims (SA Bankruptcy.com) CHAPTER 11 PLAN The Chapter 11 plan must contain, among other things, a division of the claims into various classes, a description of the treatment of… …   Glossary of Bankruptcy

  • Chapter 7, Title 11, United States Code — Bankruptcy in the United States Bankruptcy in the United States Authority · History U.S. Trustee Court  …   Wikipedia

  • Exodus Communications — was an Internet hosting service and Internet service provider to dot com businesses. It went broke, along with its customers, during the bursting of the dot com bubble. It declared Chapter 11 bankruptcy in 2001 and was purchased by Cable and… …   Wikipedia

Share the article and excerpts

Direct link
Do a right-click on the link above
and select “Copy Link”