Because administrative claims must be paid in full as part of any plan of reorganization, precedent recognizing an additional category of administrative claims is always notable. The U.S. Bankruptcy Court for the District of Delaware recently held that a claim arising from an indemnification obligation, contained within a rejected nonresidential commercial lease, is entitled to such administrative status.
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BANKRUPTCY LAW
Administrative Priority for Postpetition, Prerejection Lease Indemnification Obligations
New Jersey Law Journal
January 31, 2013
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