Section 503(b)(9) of the Bankruptcy Code provides a seller of goods with an administrative expense claim equal to the value of goods received by the debtor within the 20 day period prior to the bankruptcy filing. Two recent decisions provide important guidance for sellers and buyers of goods on the eve of a debtor’s bankruptcy.…

The Seventh Circuit Court of Appeals recently issued a decision regarding finality and appealability in bankruptcy. Rimon Partner, Pamela M. Egan, analyzes this decision and provides insight on when a party can appeal a bankruptcy court decision. The “takeaway is simple. The bank’s fraudulent-transfer action was just one tactic that it used to recover its claim. Although the tactic failed,…