Question and answer
What is an administrative claim?
Administrative claim is 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. ]
Expert answered|jerry06|Points 22788|
Question|Asked by neely2006
Asked 12/22/2014 12:27:09 AM
Updated 12/22/2014 1:54:13 AM
0 Answers/Comments
This answer has been confirmed as correct and helpful.
Edited by selymi [12/22/2014 1:54:11 AM], Confirmed by selymi [12/22/2014 1:54:13 AM]
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Questions asked by neely2006
What does it mean to subordinate a creditor’s claim?
Question|Asked by neely2006
Not Answered
Updated 12/22/2014 5:06:41 AM
1 Answer/Comment
To subordinate a creditor's claim means: the creditor is placed in a lower priority for collecting the debt from the debtor's assets.
Added 12/22/2014 5:06:35 AM
This answer has been confirmed as correct and helpful.
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