Third Circuit Decides Goods Are “Received” Upon Physical Possession ...

Third Circuit Decides Goods Are “Received” Upon Physical Possession in Bankruptcy Case
JD Supra (press release)
Many creditors that provide goods to a debtor before a bankruptcy case begins believe that their recovery will be mere cents on the dollar. While prepetition claims often receive small, if any, distributions, Section 503(b)(9) of the Bankruptcy Code ...