superpriority — USA superpriority claim, Also known as superpriority. Special priority status granted by the court to a claim arising after the filing of the bankruptcy petition, allowing it to be paid ahead of all other prepetition and postpetition claims,… … Law dictionary
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
Superpriority — In United States bankruptcy law, the term superpriority confers the status of a claim being superior to that of other claims. Ultrapriority (summapriority) claims will take precedence over superpriority claims. Superpriority claims can be either… … Wikipedia
administrative claim — USA administrative claim, Also known as administrative expense claim and administrative expense. A claim for expenses incurred with court approval for the actual and necessary costs of preserving the estate, after the filing of a bankruptcy… … Law dictionary
administrative expense claim — USA administrative claim, Also known as administrative expense claim and administrative expense. A claim for expenses incurred with court approval for the actual and necessary costs of preserving the estate, after the filing of a bankruptcy… … Law dictionary
roll-up — USA roll up, Also known as roll over. A provision in a DIP financing order which permits the debtor to apply the proceeds of the DIP financing to satisfy, in whole or in part, secured or unsecured prepetition indebtedness, with the effect of… … Law dictionary
roll-over — USA roll up, Also known as roll over. A provision in a DIP financing order which permits the debtor to apply the proceeds of the DIP financing to satisfy, in whole or in part, secured or unsecured prepetition indebtedness, with the effect of… … Law dictionary
DIP financing — USA A special type of bank loan financing provided to Chapter 11 debtors to finance their operations during the bankruptcy case. With superpriority claim status, DIP financing has priority over all other existing debt, equity and other claims… … Law dictionary
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… … Glossary of Bankruptcy
administrative expenses — In a Chapter 13 bankruptcy case, the trustee s fee, the debtor s attorney fees, and other costs of bringing a bankruptcy case, which the debtor must pay in full. Administrative costs are typically 10% of the debtor s total payments under the… … Law dictionary
