ADI Liquidation: Bankruptcy Court Interprets “Receipt” in § 503 (b)(9)
Nathaniel Metz, Adam Isenberg, and Monique Bair DiSabatino, members of the firm’s Bankruptcy and Restructuring Practice, recently published an article in the September 2017 edition of the ABI Journal. The article discusses a recent decision by the U.S. Bankruptcy Court for the District of Delaware in which the court held that claims based on goods billed to the debtors but shipped directly to customers were not entitled to administrative expense status under section 503(b)(9). This is a significant issue, as the question of whether goods billed to the debtors, but shipped directly to customers, often arises in chapter 11 cases and few courts have addressed the issue to date.
To read the full article, click here.