credit, post-petition

credit, post-petition
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 credit secured or be granted a superpriority, the extension of credit must be approved by the court.
also see post-petition claim (Bernstein's Dictionary of Bankruptcy Terminology)

United Glossary of Bankruptcy Terms 2012.

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 credit secured or be granted a superpriority, the extension of credit must be approved by the court. also see Claim, Post-Petition

US Bankruptcy 2012.


Glossary of Bankruptcy.

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