Problems in the Code: Harmonizing § 503(b)(1) and (b)(9) to Provide Comfort and Clarity

Article

The American Bankruptcy Institute Journal

Calfee's Business Restructuring and Insolvency practice group Co-Chairs, H. Jeffrey Schwartz and Gus Kallergis explore the confusion and conflicting decisions related to the entitlement of vendors to administrative-expense priority for goods physically received, inspected, and accepted by debtors from and after the 20th day preceding the filing of a bankruptcy case, specifically focusing on the Kmart/Sears chapter 11 cases. 

Read the full ABI article, reprinted with permission.

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