gap creditor

Bankruptcy. A creditor who extends credit to, lends money to, or has a claim arise against the debtor in the period between the filing of an involuntary bankruptcy petition and the entry of the order for relief.

• Under the Bankruptcy Code, a gap creditor’s claim receives second priority, immediately below administrative claims. 11 USCA §§ 502(f), 507(a)(2). [Cases: Bankruptcy 2833. C.J.S. Bankruptcy § 240.]

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词条贡献者

资深译员Kevin，毕业于亚洲顶尖的高级翻译学院，擅长翻译涉及能源和电力领域的法律文件。