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Simple English definitions for legal terms

administrative-convenience exception

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A quick definition of administrative-convenience exception:

Administrative-Convenience Exception: This is a rule that allows a bankruptcy plan to treat small, unsecured claims differently from other claims. This can help the bankruptcy process go more smoothly by dealing with these small claims first. It is meant to make things easier for everyone involved.

A more thorough explanation:

The administrative-convenience exception is a provision in bankruptcy law that allows for a separate classification of small, unsecured claims in a bankruptcy plan. This separate classification can help to dispose of the estate more efficiently by paying or eliminating the small claims earlier than other claims.

For example, if a bankrupt company owes $10,000 to a supplier and $100 to a small vendor, the administrative-convenience exception would allow for the small vendor's claim to be paid or eliminated first, even though the supplier's claim is larger. This can help to speed up the bankruptcy process and make it more efficient.

The administrative-convenience exception is designed to help bankruptcy trustees manage the estate in a way that is fair and efficient for all parties involved. By prioritizing small claims, trustees can help to ensure that creditors receive some payment for their debts, even if the estate is not able to pay all claims in full.

administrative-control rule | administrative expense

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Dkk
18:57
I want to meet an attorney that defends clients who run into flat earth problems. I want an attorney that knows and believes in flat earth theory.
19:05
i want a flat earther for president. i want a guy who posts on 4chan for president. i want someone who mogs for president.
Dkk
19:18
Exactly. My version of that awful poem.
Dkk
19:19
I can accept a president with maybe one or two of the poems traits hut good God, all of them??? No ty.
windyMagician
19:20
president who respects sex is crazy
windyMagician
19:20
we had bill clinton already
Dkk
19:21
Bill Clinton, first and last black president
windyMagician
19:23
I want to go running but my leg feels weird
windyMagician
19:23
it doesn't hurt its just tingly
Dkk
19:26
It needs more alcohol. You tingle when your nerves need watering.
19:27
try stretching it maybe to see what's up
windyMagician
19:27
stretches make me think it's just soreness
windyMagician
19:27
I'm sober lol
Dkk
19:38
Anyone else get the google notification that your LSD password has been compromised lol. LSD got hacked.
20:48
what.jpg @Dkk
CynicalOops
21:03
You think you just fell out of a coconut tree?
jackfrost11770
21:10
nope dk
CynicalOops
22:37
Calvinamala Harris
jackfrost11770
23:16
should i start using letterboxed again
Dkk
23:25
@jackfrost11770: if you want but like it aint for me
dk do u ever eat at bk
Dkk
23:48
@chickenburgahfart: I would do that in the Army if really desperate for food or if I had to work through lunch. One of the few fast food places I go to.
bk so slept on
Dkk
0:23
I will take In N Out everyday over it when I can though.
texaslawhopefully
1:22
In N Out is not only the best fast food place, but the prices too are fantastic
Dkk
1:27
Indeed, indeed.
BulbasaurNoLikeCardio
7:51
@texaslawhopefully: best prices and only fast food that doesn't make me sick
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