Administrative Expenses : Claims

Administrative Expenses

Supreme Court Resolves Issue Of Standing under Bankruptcy Code Section 506(c)
John J. Rapisardi and Kathryn L. Turner of Weil, Gotshal & Manges LLP

This article summarizes Hartford Underwriters Insurance Company v. Union Planters Bank whereby the Supreme Court resolved the standing issue by holding that non-trustee third parties do not have standing under section 506(c) of the Bankruptcy Code to surcharge a lien holder's collateral.
Inequality Among Administrative Claimants
Jay L. Lubetkin of Trenk, DiPasquale, Webster, Della Fera & Sodono, P.C.

In the context of a Chapter 11 bankruptcy proceeding, generally speaking, administrative expenses are the post-peti.
Lessors Entitled To A Chapter 11 Administrative Priority Claim for Rent under A Post-Bankruptcy Lease after A Chapter 7 Conversion
Charles R. Sterbach of Gallagher & Kennedy, P.A.

When a Chapter 11 debtor assumes a real property lease and then subsequently defaults, the lessor is granted an adm.