What Is An Administrative Debt?
An administrative debt is a priority debt. An administrative debt is created when someone provides goods or services to your bankruptcy estate. The best example of an administrative debt is the fees generated by attorneys and other authorized professionals in representing the bankruptcy estate. 26.
Related Questions
- How do I know if a debt is secured, unsecured, priority, or administrative in order to fill out my schedules correctly?
- Is there an alternative to charging interest and penalties on delinquent administrative (i.e., non-credit) debt?
- How is a debt classified as secured, unsecured, priority, or administrative?
