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Home / Opinion Digests / Bankruptcy – Administrative Claims – ‘Goods’ – UCC Definition (access required)

Bankruptcy – Administrative Claims – ‘Goods’ – UCC Definition (access required)

In the Circuit City bankruptcy case, a Richmond U.S. District Court holds that the UCC definition of “goods” will be used to interpret 11 U.S.C. § 503(b)(9), and that the “predominant purpose test” will be used to determine whether a claim will be treated as an administrative claim under § 503(b)(9). Debtors ask the court to ...

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