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First Impressions: The Eleventh Circuit Examines 20-Day Administrative Expense Claims and the Subsequent New Value Preference Defense | Jones Day

The Bankruptcy Code confers "administrative expense" priority status on the claims of vendors for the value of goods that are shipped in the ordinary course of business and received by.

United statesBarbara lagoaN yc shoes incCheck reporting servs incDearborn bancorp incUs courtAuriga polymers incSee jones truck lines incCommissary operations incSlamdunk enterprises incCircuit city stores incBeaulieu groupMomenta incFabric sources incJones dayIti acquisition

First Impressions: The Eleventh Circuit Examines 20-Day Administrative Expense Claims and the Subsequent New Value Preference Defense

The Bankruptcy Code confers "administrative expense" priority status on the claims of vendors for the value of goods that are shipped in the ordinary…

United statesBarbara lagoaN yc shoes incCheck reporting servs incDearborn bancorp incUs courtAuriga polymers incSee jones truck lines incCommissary operations incSlamdunk enterprises incCircuit city stores incBeaulieu groupMomenta incFabric sources incIti acquisitionLeasing corp

Eleventh Circuit Holds That Post-Petition Payment Of Administrative Expense Does Not Diminish Subsequent New Value Defense - Insolvency/Bankruptcy

In a positive decision for trade vendors and non-debtor suppliers, the Eleventh Circuit, in Auriga Polymers Inc. v. PMCM2, LLC, held that a Section 503(b)(9) post-petition priority payment received by a creditor.

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Post-Petition Payment for Pre-Petition Delivery of Goods under Section 503(b)(9) Does Not Reduce Creditor s Subsequent New Value Defense to Preference Lawsuit | Pillsbury Winthrop Shaw Pittman LLP

An Eleventh Circuit Court of Appeals’ decision permits a creditor both to be paid in full under Bankruptcy Code section 503(b)(9) for goods delivered within 20 days before commencement.

Us courtCircuit courtBeaulieu groupAuriga polymers incAuriga polymersBankruptcy code

Trimming Back the Claws: Eleventh Circuit Strengthens Creditor New Value Defense Against Avoidable Preference Lawsuits | King & Spalding

Trimming Back the Claws: Eleventh Circuit Strengthens Creditor New Value Defense Against Avoidable Preference Lawsuits | King & Spalding
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