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2011 Bus. L. Today 1 (2011)

handle is hein.journals/busiltom2011 and id is 1 raw text is: Bus ness Law TODAY Januar BI SLT t I ,hat have interpreted iven it three differer liverging interpretati 'unambiguous meal :f the Bankruptcy Cc pr es pe if spi ampt imen ccplan thout Se irts subje iave empl Section 503( ins to adminisi sting of wages for services re . Section 503 nistrative expe of obligation ig in bankrupt( xpenses are ci ,of the debtor' ft pl or 150 pr >fa bankrupt entity's (1)(A), in particular, tive expense claims alaries, and commis- Jered to the bankrupt ,thorizes payment of es ahead of other iwed by an entity op- xpe i502(f) of thi ) the actual, i apenses of pi in full whili partially pa ImLenl UmSpm, >f bankrupt compa s provision to den >rity status for WA astory cannot re text, it can ature's purpo,. tatute's intent Section 503 of I 0 cl opmnion the plain mr references t<( has a plain Ir ist view that rarely play C- tion, the abs perplex cou intended pui Efforts to amendment Bankruptcy When sectio in 2005, Cor for the purp( id f f 4k penses of pr rpr rp ft rpi ift >f pr 5C se pr )n 503(b) ngress pr, ose of the -%Crv f f section , whereby of the fort tion (ii) a( ative expc J of the B ve pri Dften ver pi of a( 5031 w pr faims. St Iptcy Co (b) Afte )f the of th Ipl Ithe an, e left tive appla rt IppI f Lin ni 54 ife ipi ft n 05( n 5( :ft aftc >f >f e Bankrupt rative expe cpenses are ad expense ft< pC purs a pre Rel able aftel >f 502(f) ofI pl pa pC of >f >f of St fy Itf

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